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Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

India Tourism Development Corp. Ltd.April 9, 20265
Momentum Stocks: India Tourism, Antony Waste, Rajputana Industries rally sheer momentum; levels to watch

About this update from India Tourism Development Corp. Ltd.

In a market short on fresh triggers, several stocks quietly stole the spotlight on Thursday, driven purely by price action, technical breakouts, and sustained buying momentum.Among the gainers, India Tourism Development Corporation surged 13.03 percent to Rs 512.30, trading above its 30-day and 50-day moving averages of Rs 453.23 and Rs 485.06, respectively. Antony Waste Handling Cell gained 8.98 percent to Rs 496.00, moving above its 30-day and 50-day averages of Rs 455.13 and Rs 484.53. Rajputana Industries rose 8.05 percent to Rs 74.90, also trading above its key short-term averages.Sheel Biotech advanced 9.48 percent to Rs 57.75, crossing above its 30-day moving average, while Mukta Arts gained 7.36 percent to Rs 50.50, trading above its 30-day average but remaining below longer-term levels.On the downside, several stocks witnessed negative breakouts, slipping below key moving averages and indicating weakening momentum.Rushil Decor declined 6.44 percent to Rs 15.10, trading below its 30-day and 50-day moving averages of Rs 16.14 and Rs 17.65. JHS Svendgaard fell 3.29 percent to Rs 19.97, breaching its key short-term averages and remaining well below its long-term levels.eClerx Services dropped 2.73 percent to Rs 1,496.80, trading below all major moving averages, including its 30-day, 50-day, 150-day and 200-day levels. Ecos (India) Mobility declined 2.67 percent to Rs 127.00, falling below its key averages, while BlackBuck slipped 2.26 percent to Rs 569.45, trading below its 30-day and 50-day moving averages.The breakout above short-term moving averages indicates strengthening momentum in select stocks, while declines below these levels signal weakening trends, with traders closely watching for confirmation of further direction.

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