Momentum Stocks: Radhika Jewel, Shankara Buildpro, TCI Express gain up 10% on sheer momentum

About this update from Radhika Jeweltech Ltd

In a market short on fresh triggers, several stocks quietly grabbed attention on July 9, 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.Shankara Build surged 10.5 percent to Rs 1,175.40, trading comfortably above its 30-day SMA of Rs 1,063.65 and 50-day SMA of Rs 1,080.81, reflecting strong near-term momentum.Radhika Jewel jumped 9.8 percent to Rs 61.89, staying above its 30-day SMA (Rs 56.38) and 50-day SMA (Rs 58.47). However, the stock continued to trade below its 150-day SMA (Rs 65.21) and 200-day SMA (Rs 70.73), indicating that while short-term momentum has improved, the long-term trend remains weak.TCI Express gained 8.8 percent to Rs 566.90, trading above its 30-day (Rs 520.84), 50-day (Rs 522.37) and 150-day (Rs 534.13) moving averages. The stock was marginally below its 200-day SMA of Rs 568.82, suggesting it is on the verge of a long-term bullish breakout.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.Siddhi Cotspin declined 5 percent to Rs 27.30, trading below its 30-day SMA of Rs 28.73, 50-day SMA of Rs 29.42, and 150-day SMA of Rs 29.89, reflecting continued weakness in the stock's short- to medium-term trend.Aspinwall fell 2.2 percent to Rs 240.51. The stock traded below its 30-day SMA (Rs 245.92) and marginally below its 50-day SMA (Rs 240.82), but remained above its 150-day (Rs 228.72) and 200-day (Rs 237.16) moving averages, indicating that its longer-term trend is still intact despite near-term weakness.Mohit Industries slipped 2.1 percent to Rs 23, remaining below all its key moving averages, including the 30-day and 50-day SMAs (Rs 23.49 each), 150-day SMA (Rs 24.69) and 200-day SMA (Rs 26.69), signalling sustained bearish momentum.Meanwhile, several stocks scaled fresh 52-week highs, underscoring sustained buying interest despite mixed broader market cues. Notable names hitting new one-year highs included Capri Global, Aether Industries, Welspun Corp, Lenskart Solutions, Sun Pharma, Ather Energy, JB Chemicals, Titan Company, Honasa Consumer.Separately, IZMO, Jay Bharat Maruti, Fujiyama Powe...

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