MarketsmithIndia Daily Updates: Activity Near The Key Moving Averages

Posted Date: July 02 2021

Steel Authority

 

Stock  has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 90. In the last twelve months, the stock has soared over 311.5% as compared to 49.2% 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%, undercutting its 50-day moving average. It closed -0.8% below the 50-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.

 

Apcotex Industries L

 

Apcotex Industries L has rallied nearly 130.1% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 78 which is a respectable rating, but needs improvement. The EPS Rank of 79 is fair, but needs improvement.

 

Today, Apcotex Industries L stock closed 1.2% up, reclaiming its 21-day moving average. It closed 0.7% 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.

 

Poly Medicure Lt

 

Poly Medicure Lt has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 81. In the last twelve months, the stock has rallied over 230% as compared to 49.2% for the Nifty500. The EPS Rank of 94 is exceptional indicating strong 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, Poly Medicure Lt stock fell -1.8%, undercutting its 50-day moving average. It closed -0.4% below the 50-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 rallied nearly 325.4% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 77 which is a respectable rating, but needs improvement. 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 closed 3.7% up, reclaiming its 21-day moving average. It closed 1.9% 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.

 

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 284.7% as compared to 49.2% 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 closed 1.5% up, reclaiming its 21-day moving average. It closed 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.

 

Sunflag Iron & Steel

 

Sunflag Iron has rallied nearly 113.8% as compared to 49.2% 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 88 is exceptional indicating outperformance in earnings growth.

 

Today, Sunflag Iron stock fell -0.9%, undercutting its 21-day moving average. It closed -0.3% 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.

 

Galaxy Surfactants.

 

 Galaxy Surfactants has rallied nearly 88.7% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 56 which is a respectable rating, but needs improvement. The EPS Rank of 94 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 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, Galaxy Surfactants stock closed 1.1% 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.

 

Chambal Fert & Chems

 

 Chambal Fert & Chems has rallied nearly 104.6% as compared to 49.2% 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 95 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, Chambal Fertilis stock fell -1.3%, undercutting its 21-day moving average. It closed -0.2% 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.

 

Tata Metaliks

 

Tata Metaliks has rallied nearly 126.6% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 72 which is a respectable rating, but needs improvement. The EPS Rank of 70 is fair, but needs improvement.

 

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, Tata Metaliks stock fell -0.6%, undercutting its 21-day moving average. It closed -0.4% 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.

 

Birla Corporation Ltd

 

Birla Corporation Lt has rallied nearly 96.3% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 62 which is a respectable rating, but needs improvement. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

 

Today, Birla Corporation Lt stock closed 2.6% up, reclaiming its 21-day moving average. It closed 0.7% 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.

 

Onmobile Global Ltd.

 

Onmobile Global Ltd. 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 284.9% as compared to 49.2% for the Nifty500. The EPS Rank of 82 is exceptional indicating outperformance in earnings growth.

 

Today Onmobile Global Ltd. has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 13.3% up on a 393.1% 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.

 

Kirloskar Oil Engine

 

Kirloskar Oil Engine has rallied nearly 115% as compared to 49.2% 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 79 is exceptional indicating 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, Kirloskar Oil Engine stock closed 1.8% 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.

 

Phillips Carbon

 

Phillips Carbon has rallied nearly 108.9% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 57 which is a respectable rating, but needs improvement. The EPS Rank of 95 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 Phillips Carbon has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.4% up on a 45.3% 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.

 

Sundram Fasteners 

 

Sundram Fasteners has rallied nearly 106.2% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 58 which is a respectable rating, but needs improvement. The EPS Rank of 83 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 Sundaram Fasten. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.5% up on a 36.6% 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.

 

Prism Johnson

 

Prism Johnson has rallied nearly 195.5% as compared to 49.2% 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 75 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 Prism Johnson has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 3% up on a 58.6% 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.

 

Ghcl

 

Ghcl has rallied nearly 90.3% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 55 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, Ghcl stock closed 4% up, reclaiming its 21-day moving average. It closed 2.2% 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.

 

Grasim Inds.

 

Grasim Inds. has rallied nearly 138.8% as compared to 49.2% 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 61 is fair, but needs improvement.

 

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, Grasim Inds. stock fell -0.8%, undercutting its 21-day moving average. It closed -0.4% 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.

 

Gujarat Narmada valley

 

Gujarat Narmada Valley has rallied nearly 143.5% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 66 which is a respectable rating, but needs improvement. The EPS Rank of 82 is exceptional indicating outperformance in earnings growth.

 

Today, Gujarat Narmada Vall stock fell -1.5%, undercutting its 50-day moving average. It closed -0.4% below the 50-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.

 

Nilkamal Ltd.

Nilkamal Ltd. has rallied nearly 97.8% as compared to 49.2% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 56 which is a respectable rating, but needs improvement. The EPS Rank of 73 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, Nilkamal Ltd. stock closed 0.6% 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.

 
NamePct 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

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