MarketsmithIndia Daily Updates: Activity Near The Key Moving Averages

Posted Date: July 01 2021

Steel Authority of India

 

Stock has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 91. In the last twelve months, the stock has soared over 323.3% as compared to 49.5% for the Nifty500. The EPS Rank of 92 is exceptional indicating strong outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Steel Authority stock fell -2.6%, undercutting its 21-day moving average. It closed -0.8% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Indo Count Inds.

 

Indo Count Inds. has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 80. In the last twelve months, the stock has rallied over 334.6% as compared to 49.5% for the Nifty500. The EPS Rank of 88 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Indo Count Inds. stock fell -1.8%, undercutting its 21-day moving average. It closed -0.9% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Punjab Chemicals And Crops

 

 Punjab Chemicals and Crops has rallied nearly 169.4% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 74 which is a respectable rating, but needs improvement. The EPS Rank of 96 is exceptional indicating strong outperformance in earnings growth.

 

The stock has strong institutional support. The Accumulation/Distribution Rating of A represents heavy institutional buying over the past 13 weeks. Although the number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.

 

Today Punjab Chemicals And has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.9% up on a 10.1% greater volume than the 50-day average. Rising stocks often rebound from their 21-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

 

Morepen Labs.

 

Morepen Labs has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 85. In the last twelve months, the stock has rallied over 160% as compared to 49.5% for the Nifty500. The EPS Rank of 98 is exceptional indicating strong outperformance in earnings growth.

 

Today, Morepen Labs.Lt stock closed 1.9% up, reclaiming its 21-day moving average. It closed 0.3% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Hil

 

Hil has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 87. In the last twelve months, the stock has rallied over 289% as compared to 49.5% for the Nifty500. The EPS Rank of 99 is exceptional indicating strong outperformance in earnings growth.

 

The stock has strong institutional support. The Accumulation/Distribution Rating of A- represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

 

Today, Hil stock fell -1.15%, undercutting its 21-day moving average. It closed -0.6% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Central Depository Services

 

 Central Depository Services has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 82. In the last twelve months, the stock has rallied over 245% as compared to 49.5% for the Nifty500. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

 

Today, Central Depository stock closed 0.4% up, reclaiming its 21-day moving average. It closed 0.1% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Sms Pharmaceuticals

 

Sms Pharmaceuticals has rallied nearly 170% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 73 which is a respectable rating, but needs improvement. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

Today, Sms Pharmaceuticals stock closed 3.5% up, reclaiming its 21-day moving average. It closed 2.5% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Bajaj Finserv Ltd.

 

Bajaj Finserv Ltd. has rallied nearly 96.9% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 61 which is a respectable rating, but needs improvement. The EPS Rank of 96 is exceptional indicating strong outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Bajaj Finserv Ltd. stock fell -2.2%, undercutting its 21-day moving average. It closed -1.5% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Sudarshan Chemicals

 

Sudarshan Chemicals has rallied nearly 75.9% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 50 which is a respectable rating, but needs improvement. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today Sudarshan Chemicals has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 9.8% up on a 336.5% greater volume than the 50-day average. Rising stocks often rebound from their 21-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

 

Sterlite Technologie

 

Sterlite Technologie has rallied nearly 106.8% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 64 which is a respectable rating, but needs improvement. The EPS Rank of 87 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of B+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today Sterlite Technologie has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.9% up on a 232.7% greater volume than the 50-day average. Rising stocks often rebound from their 21-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

 

Jk Tyre & Industries

 

Jk Tyre & Industries has rallied nearly 112.6% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 70 which is a respectable rating, but needs improvement. The EPS Rank of 75 is fair, but needs improvement.

 

Today Jk Tyre & Industries has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.9% up on a 102.6% greater volume than the 50-day average. Rising stocks often rebound from their 21-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

 

Linde India

 

Linde India has rallied nearly 164.8% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 65 which is a respectable rating, but needs improvement. The EPS Rank of 92 is exceptional indicating strong outperformance in earnings growth.

 

Today Linde India has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.3% up on a 131.8% greater volume than the 50-day average. Rising stocks often rebound from their 50-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

 

Equitas Holdings Ltd

 

Equitas Holdings Ltd has rallied nearly 76% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 51 which is a respectable rating, but needs improvement. The EPS Rank of 96 is exceptional indicating strong outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Equitas Holdings Ltd stock fell -1.9%, undercutting its 21-day moving average. It closed -1.8% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Thangamayil Jewellery

 

Thangamayil Jeweller has rallied nearly 210.6% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 75 which is a respectable rating, but needs improvement. The EPS Rank of 97 is exceptional indicating strong outperformance in earnings growth.

 

Today, Thangamayil Jewellery stock closed 0.7% up, reclaiming its 21-day moving average. It closed 0.5% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Jamna Auto Inds.

 

Jamna Auto Inds. has rallied nearly 156.1% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 67 which is a respectable rating, but needs improvement. The EPS Rank of 76 is fair, but needs improvement.

 

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Jamna Auto Inds. stock fell -1.9%, undercutting its 21-day moving average. It closed -1.1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Bajaj Finance L

 

Bajaj Finance L has rallied nearly 105.2% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 53 which is a respectable rating, but needs improvement. The EPS Rank of 87 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Bajaj Finance L stock fell -0.7%, undercutting its 21-day moving average. It closed -0.6% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 

Balkrishna Industries

 

Balkrishna Industries has rallied nearly 70.4% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 52 which is a respectable rating, but needs improvement. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

The stock has strong institutional support. The Accumulation/Distribution Rating of B+ represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

 

Today, Balkrishna Industries stock closed 1.8% up, reclaiming its 21-day moving average. It closed 1.3% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Automotive Axles

 

Automotive Axles has rallied nearly 133.1% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 63 which is a respectable rating, but needs improvement. The EPS Rank of 82 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Automotive Axles stock closed 0.1% up, reclaiming its 21-day moving average. It closed 0% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Mother son sumi systems

 

 Mother son sumi systems has rallied nearly 146.8% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 68 which is a respectable rating, but needs improvement. The EPS Rank of 77 is fair, but needs improvement.

 

The stock has strong institutional support. The Accumulation/Distribution Rating of B+ represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

 

Today, Mother son sumi systems stock closed 1.3% up, reclaiming its 21-day moving average. It closed 0.9% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

 

Shriram City Union Fin

 

Shriram City Uni has rallied nearly 153.1% as compared to 49.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 67 which is a respectable rating, but needs improvement. The EPS Rank of 87 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Shriram City Uni stock fell -0.5%, undercutting its 21-day moving average. It closed -0.1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 
Name Pct Chg (%) Vol Pct Chg (%)
Steel Authority -2 -56.3
Apcotex Industries L 1.2 -71.6
Poly Medicure Lt -1.8 -57.4
Indo Count Inds. 3.7 -1.4
Hil 1.5 -40.9
Sunflag Iron -0.9 -85.3
Aarti Surfactants -1.4 -69.6
Galaxy Surfacta. 1.1 -5.2
Chambal Fertilis -1.3 -55.2
Tata Metaliks -0.6 -90
Birla Corporation Lt 2.6 -80.8
Onmobile Global Ltd. 13.3 393.1
Kirloskar Oil Engine 1.8 -55.7
Phillips Carbon 4.4 45.3
Sundaram Fasten. 2.5 36.6
Prism Johnson 3 58.6
Ghcl 4 -16.7
Grasim Inds. -0.8 -53.4
Gujarat Narmada Vall -1.5 -70.6
Nilkamal Ltd. 0.6 -37.2

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article

Loading...