Weekly Technical Analysis of the Indian Stock &
Share Market
Market Gems sifts through thousands of stocks on the
NSE using sophisticated technical scanning programs to
quickly find stocks with the best potential for
profitable moves.
Note: To avoid misleading signals that are often
generated by thinly traded stocks, all of the predefined
scans only consider stocks that have averaged more than
40,000 shares traded per day for the last 20 days.
Weekly Technical Analysis of the Indian Stock &
Share Market
Last updated on
Most Active Stocks
The 20 most active stocks traded in terms of value of
shares traded and their weekly % change.
| Security Name |
Close |
% Change |
| TATA STEEL |
535.65 |
5.28 |
| ICICI BANK |
912.85 |
1.15 |
| JSW STEEL |
1197.65 |
8.75 |
| RELIANCE INDS |
1060.45 |
-0.24 |
| BF UTILITIES |
951.05 |
19.33 |
| AXIS BANK |
1389.95 |
2.41 |
| STATE BANK |
2496.80 |
1.95 |
| SESA GOA |
364.90 |
6.30 |
| LARSEN & TOUBRO |
1937.85 |
3.59 |
| IFCI LTD |
59.45 |
-2.31 |
| INFOSYS TECHNOLO |
2786.45 |
0.34 |
| TATA MOTORS |
838.40 |
0.72 |
| RELIANCE CAPITAL |
795.30 |
-1.34 |
| UNITECH |
84.20 |
2.12 |
| HDFC LTD |
2993.45 |
-0.88 |
| DLF |
322.50 |
0.92 |
| BHARTI AIRTEL |
313.80 |
5.14 |
| ITC LTD |
301.65 |
1.10 |
| HDFC BANK |
2038.60 |
-0.02 |
| RELIANCE INFRASTRUCTURE |
1137.45 |
-1.27 |
Biggest Weekly % Gainers
The following list shows the stocks (over
Rs.10/share) that had the biggest gains over last week.
Gains are measured on a percentage basis. For example, a
stock moving from 20 to 25 had a 5 point or 25% gain.
Often stocks appearing on this list had some type of
positive news (e.g., big earnings report, new product
announcement, etc.).
| Security Name |
Close |
% Change |
| TCI FINANCE |
37.20 |
71.03 |
| MCDOWELL HOLDINGS |
137.00 |
39.16 |
| UNITED BREWERIES |
322.55 |
38.55 |
| TULSI EXTRUSIONS |
47.10 |
36.92 |
| RAMSARUP INDS |
111.45 |
30.89 |
| KAKATIYA CEMENT |
102.20 |
29.78 |
| FIRST WINNER INDS |
45.15 |
27.72 |
| GATI |
86.30 |
27.19 |
| UNITED BREWERIES (HOLDINGS) |
285.00 |
27.03 |
| SANWARIA AGRO OILS |
54.25 |
26.46 |
| DPSC |
891.60 |
25.99 |
| SURYAJYOTI SPINNING MILLS |
31.85 |
24.17 |
| KHAITAN ELECTRIC |
130.65 |
20.97 |
| DECOLIGHT CERAMICS |
10.30 |
20.47 |
| VAIBHAV GEMS |
38.65 |
19.47 |
| BF UTILITIES |
951.05 |
19.34 |
| BHAGWATI BANQUETS & HOTELS |
138.65 |
19.27 |
| GM BREWERIES |
98.15 |
19.04 |
| CELEBRITY FASHIONS |
30.05 |
19.01 |
| KABRA EXTRUSION |
180.30 |
18.77 |
| MALWA COTTON SPG |
49.05 |
18.62 |
| BROADCAST INITIATIVES |
23.40 |
18.48 |
| VINYL CHEMICALS (I) |
20.25 |
17.39 |
| ANG INDS |
65.00 |
16.49 |
| GI ENGINEERING SOLUTIONS |
29.25 |
16.30 |
| ECE INDS |
163.55 |
15.62 |
| HALONIX |
91.70 |
15.06 |
Biggest Weekly % Losers
The following list shows the stocks (over
Rs.10/share) that had the biggest losses over last week.
Losses are measured on a percentage basis. For example,
a stock moving from 20 to 15 had a 5 point or 25% loss.
Often stocks appearing on this list had some type of
negative news (e.g., bad earnings report, lower analyst
rating, product delay announcement, etc.).
| Security Name |
Close |
% Change |
| JUMBO BAG |
52.85 |
-14.76 |
| GMR INDS |
108.50 |
-11.75 |
| IVP |
58.95 |
-11.22 |
| AGRO DUTCH INDS |
32.15 |
-11.19 |
| INDOCO REMEDIES |
429.95 |
-10.80 |
| SE ASIA MARINE |
149.90 |
-10.75 |
| EVERONN SYSTEMS (I) |
533.70 |
-10.57 |
| PVP VENTURES |
15.70 |
-10.54 |
| HYDERABAD INDS |
662.65 |
-10.39 |
Stocks with Bullish Engulfing Patterns.
The following stocks have been trending downward in
the short and intermediate terms and have formed a
bullish engulfing pattern. The probability of an upward
reversal in prices has increased.
| Security Name |
Close |
| ELDER PHARMACEUT |
359.25 |
| HYDRO S&S INDS |
39.65 |
| INFOMEDIA 18 |
30.40 |
| JINDAL STEEL POW |
639.90 |
| KCP LTD |
305.10 |
| MURUDESHWAR CER |
34.25 |
| NAVA BHARAT VENT |
417.60 |
| SESA GOA |
364.90 |
| SRI ADHIKARY TV |
34.00 |
| TATA SPONGE IRON |
325.90 |
| UNITED PHOSPHORU |
180.55 |
Stocks with Bearish Engulfing Patterns.
The following stocks have been trending upward in the
short and intermediate terms and have formed a bearish
engulfing pattern. The probability of a downward
reversal in prices has increased.
| Security Name |
Close |
| 3I INFOTECH |
65.70 |
| AQUA LOGISTICS |
538.95 |
| BLUE STAR INFOTECH |
113.30 |
| CONTAINER CORPOR |
1378.15 |
| DHANALAKSHMI BANK |
177.20 |
| ELNET TECHNOLOGIES |
72.65 |
| EXIDE INDS |
133.95 |
| HELIOS MATHINFTECH |
42.15 |
| HINDUJA GLOBAL S |
480.60 |
| JAYSHREE TEA |
294.95 |
| MANGALORE CHEMICALS &
FERTILIZERS |
34.30 |
| MASTEK LTD |
272.10 |
| MIRC ELEC |
27.05 |
| OMAX AUTO |
56.45 |
| REFEX REFRIGERANTS |
25.85 |
| ST BANK TRAVANCO |
631.00 |
| TTK HEALTHCARE |
386.95 |
| WHIRLPOOL |
282.95 |
% Volume Change
The following list shows all stocks whose volumes
surged by more than 100% this week compared to the
previous week. Upward price movement on large volume
change is a bullish (positive) sign for the stock if the
stock has been flat or trending downward. Downward price
movement on large volume change is a bearish (negative)
sign for the stock if the stock has been flat or
trending upward. Stocks are arranged in descending order
of volume change.
| Security Name |
Close |
% Change |
Volume |
% Change |
| MCDOWELL HOLDINGS |
137.00 |
39.15 |
6698123 |
11803 |
| HERCULES HOISTS |
236.75 |
11.25 |
1214837 |
7999 |
| UNITED BREWERIES |
322.55 |
38.55 |
7223137 |
7496 |
| TCI FINANCE |
37.20 |
71.03 |
1654957 |
6444 |
| CAROL INFO SERV. |
72.05 |
11.01 |
1366885 |
6400 |
| GM BREWERIES |
98.15 |
19.04 |
1056695 |
4669 |
| UNITED BREWERIES (HOLDINGS) |
285.00 |
27.03 |
12270271 |
4387 |
| DEN NETWORKS |
216.85 |
11.63 |
1255809 |
3048 |
| DPSC |
891.60 |
25.98 |
22994 |
2657 |
| KERNEX MICROSYSTEMS (I) |
104.80 |
11.60 |
3427395 |
2479 |
| KAKATIYA CEMENT |
102.20 |
29.77 |
1121319 |
2461 |
| RAMSARUP INDS |
111.45 |
30.88 |
19214954 |
2259 |
| KABRA EXTRUSION |
180.30 |
18.77 |
1660028 |
2139 |
| MAXWELL INDS |
22.80 |
11.49 |
2490612 |
2015 |
| AUTOLINE INDS |
159.70 |
13.50 |
5286898 |
1588 |
| HALONIX |
91.70 |
15.05 |
654177 |
1314 |
| GATI |
86.30 |
27.19 |
13165634 |
1256 |
| BROADCAST INITIATIVES |
23.40 |
18.48 |
746715 |
1194 |
| CELEBRITY FASHIONS |
30.05 |
19.00 |
1416284 |
1047 |
| SURYAJYOTI SPINNING MILLS |
31.85 |
24.17 |
211557 |
977 |
| KITPLY INDS |
10.00 |
10.49 |
690163 |
816 |
| GI ENGINEERING SOLUTIONS |
29.25 |
16.30 |
638270 |
772 |
| VINYL CHEMICALS (I) |
20.25 |
17.39 |
428621 |
738 |
| INDOCO REMEDIES |
429.95 |
-10.80 |
117863 |
558 |
| ALSTOM PROJECTS |
704.40 |
10.38 |
1768496 |
555 |
| TVS MOTOR |
131.05 |
11.29 |
41955812 |
526 |
| TULSI EXTRUSIONS |
47.10 |
36.91 |
3325321 |
502 |
| BHAGWATI BANQUETS & HOTELS |
138.65 |
19.26 |
6030211 |
490 |
| KHAITAN ELECTRIC |
130.65 |
20.97 |
519116 |
472 |
| POCHIRAJU INDS |
24.30 |
10.45 |
1126517 |
420 |
| SUTLEJ TEXTILES & INDS |
185.50 |
14.22 |
595956 |
411 |
| DECOLIGHT CERAMICS |
10.30 |
20.46 |
586692 |
396 |
| SE ASIA MARINE |
149.90 |
-10.75 |
246022 |
390 |
| FIRST WINNER INDS |
45.15 |
27.72 |
488227 |
358 |
| MALWA COTTON SPG |
49.05 |
18.62 |
81925 |
323 |
| ECE INDS |
163.55 |
15.62 |
106950 |
256 |
| MAGMA FINCORP |
329.25 |
11.40 |
2738740 |
255 |
| HYDERABAD INDS |
662.65 |
-10.39 |
602285 |
253 |
| SRI ADHIKARY TV |
34.00 |
12.21 |
79769 |
247 |
| CENTRAL BANK OF INDIA |
157.75 |
10.58 |
5855285 |
197 |
| VENKYS (I) |
581.45 |
11.03 |
400021 |
174 |
| ANG INDS |
65.00 |
16.48 |
1509374 |
146 |
| DHANUS TECHNOLOGIES |
18.95 |
10.49 |
301066 |
144 |
| VAIBHAV GEMS |
38.65 |
19.47 |
598650 |
126 |
| GMR INDS |
108.50 |
-11.76 |
128701 |
120 |
| SHREE ASHTAVINAYAK CINE VISION |
15.95 |
13.12 |
80194944 |
114 |
New Intermediate Uptrend
Prices of stocks (and other entities) rise and fall
due to changes in the supply and demand relationships
between buyers and sellers of the stock. The causes of
the changing supply and demand relationships are many,
but the effect of these changes shows up in the changing
stock prices.
The following list shows all stocks & indices beginning
a new intermediate uptrend. A new intermediate uptrend
normally begins with an upside breakout when demand
outstrips supply after a series of falling tops and
bottoms.
| Security Name |
Close |
| ACKRUTI CITY |
520.35 |
| ALKALI METALS |
118.90 |
| CENTRAL BANK OF INDIA |
157.75 |
| CINEMAX (I) |
61.35 |
| CORE PROJECTS & TECHNOLOGIES |
278.60 |
| CROMPTON GREAVES |
288.50 |
| DECOLIGHT CERAMICS |
10.30 |
| DPSC |
891.60 |
| ECE INDS |
163.55 |
| GM BREWERIES |
98.15 |
| GODAWARI POWER & ISPAT |
244.65 |
| HALONIX |
91.70 |
| HERCULES HOISTS |
236.75 |
| ICICI BANK |
912.85 |
| INOX LEISURE |
70.40 |
| JYOTI STRUCTURE |
165.15 |
| KAKATIYA CEMENT |
102.20 |
| KARUTURI GLOBAL |
19.55 |
| KERNEX MICROSYSTEMS (I) |
104.80 |
| MAXWELL INDS |
22.80 |
| MCDOWELL HOLDINGS |
137.00 |
| NIIT TECHNOLOGIES |
189.95 |
| RADICO KHAITAN |
132.90 |
| SANWARIA AGRO OILS |
54.25 |
| SOLAR INDS (I) |
428.95 |
| SUNDARAM FASTENE |
52.00 |
| TCI FINANCE |
37.20 |
| TINPLATE CO |
81.05 |
| UNITED BREWERIES (HOLDINGS) |
285.00 |
| WOCKHARDT LTD |
145.75 |
New Intermediate Downtrend
Prices of stocks (and other entities) rise and fall
due to changes in the supply and demand relationships
between buyers and sellers of the stock. The causes of
the changing supply and demand relationships are many,
but the effect of these changes shows up in the changing
stock prices.
The following list shows all stocks beginning a new
intermediate downtrend. A new intermediate downtrend
normally begins with a breakdown when supply soaks up
all demand after a series of rising tops and bottoms.
| Security Name |
Close |
| APOLLO TYRES |
63.60 |
| EMCO LTD |
72.50 |
| JK CEMENT |
172.40 |
| 