In a market short on fresh triggers, several stocks quietly grabbed attention on September 3, driven by technical breakouts, strong price action, and sustained buying interest.
The selected stocks are showing strong upward momentum, trading well above their key short- to medium-term moving averages, which indicates a positive trend in the near term.
Enfuse Solutions shares gained 8.81% to Rs 178.95, trading above its 30-day and 50-day simple moving averages of Rs 164.46 and Rs 164.40, respectively. However, the stock remained below its 150-day and 200-day moving averages of Rs 188.26 and Rs 193.01.
Mangalam Alloys rose 7.65% to Rs 34.20. The stock was trading above its 30-day moving average of Rs 31.77 and 50-day moving average of Rs 32.44, but remained below its 150-day and 200-day moving averages of Rs 38.23 and Rs 41.33.
GOCL Corp shares advanced 7.51% to Rs 433.85, trading well above its 30-day and 50-day moving averages of Rs 403.56 and Rs 403.74. The stock also remained comfortably above its 150-day and 200-day moving averages of Rs 337.63 and Rs 326.83, indicating sustained strength across its key moving averages.
The selected stocks are witnessing downward pressure, as reflected in negative price movements and their positioning relative to key moving averages, indicating a cautious market sentiment.
Bombay Metrics shares declined 6.91% to Rs 33.25, trading below its 30-day and 50-day simple moving averages of Rs 35.72 and Rs 35.95. The stock also remained below its 150-day and 200-day moving averages of Rs 38.79 and Rs 41.29, indicating weakness across key moving averages.
Shree OSFM shares fell 6.55% to Rs 54.80, below its 30-day moving average of Rs 58.64 and 50-day moving average of Rs 59.16. The stock also traded below its 150-day and 200-day moving averages of Rs 67.39 and Rs 72.62, signalling continued pressure.
Yudiz Solutions declined 4.41% to Rs 23.60, trading below its 30-day and 50-day moving averages of Rs 24.69 and Rs 24.91. It also remained below its 150-day and 200-day moving averages of Rs 27.25 and Rs 27.88, reflecting a weak trend across the key moving-average levels.
Meanwhile, several stocks touched fresh 52-week high, highlighting persistent buying. Notable names touching new low included Welspun Corp, RBL Bank, Solar Industies, Capri Global, PTC Industries, Sai Life Sciences, IFCI, Caplin Labs.
Cyber Media, S V Global Mill, Tijaria Polypipes among others were locked in their upper circuits, reflecting strong buying and signalling bullish near-term sentiment.