When a stock closes above its 20 EMA (Exponential Moving Average) on
daily time frame, it often signals potential bullish momentum in the near
future. In financial markets where
uncertainties are inherent, investors tend to rely on growth-focused indicators
to identify promising opportunities. And the 20 EMA is one such powerful tool.
It helps spot potential trend reversals and confirms upward price strength for
the upcoming days on short term basis.
Based on our analysis, we’ve shortlisted 𝗳𝗼𝘂𝗿 stocks
from the Nifty 500 that have closed above their 𝟮𝟬 𝗘𝗠𝗔 on daily time
frame in the previous trading session. This suggests they may be poised for a
potential upward move in the coming days on short term basis.
In our analysis, all these shortlisted stocks show
signs of potential short-term upward movement. Notably, the Relative
Strength Index (RSI) for each stock is either above 50 or
approaching 60, reflecting rising momentum and buyer strength.
This alignment of price action with momentum
indicators increases the probability of a near-term bullish move. We
also noticed a notable volume spurt in these stocks.
Our first pick is 𝗔𝗰𝗰𝗲𝗹𝘆𝗮 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗜𝗻𝗱𝗶𝗮 𝗟𝘁𝗱. A software
solution provider specially to the global airlines and Travel Industry. It has
a market capitalization of ₹2143 crore, Stock P/ E= 17, Dividend Yield=4.53%,
ROCE=57.o℅, ROE=42.2%.Current stock price is ₹1436. See the below...
Our second pick is 𝗥𝗶𝘁𝗰𝗼 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗟𝘁𝗱. Engaged
in transportation activities with a market capitalization of ₹ 473 crore. It
was established in 2001 and it's an ISO 9001- 2000 certified company. Stock
PE=18.0, Dividend yield=0.00, ROCE=15.8%, ROE=18.6%, current stock price is ₹
299.See the below chart of Ritco Logistics.
Our third pick is 𝗫𝗣𝗥𝗢 𝗜𝗻𝗱𝗶𝗮 𝗟𝗶𝗺𝗶𝘁𝗲𝗱. The company is
doing the business of polymers processing across different locations, and it's
a leading manufacturer in India. The company has a market capitalization of ₹
2766 crore, stock PE=72.0, Dividend yield=0.16%, ROCE=7.93%, ROE=6.56%, current
stock price is ₹1240.See the daily chart of XPRO below;
Fourth pick is 𝗢𝗿𝗶𝗲𝗻𝘁 𝗣𝗮𝗽𝗲𝗿 & 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗟𝘁𝗱. manufacturer of paper and
chemicals. It was incorporated in 1936.It has a market capitalization of ₹642
crore, stock PE=0.00, Dividend yield=0.83%, ROCE=-2.91%, ROE=-3.47%, current
stock price is ₹ 30.3.See the Daily chart of Orient Paper.
(Stop- Loss in these
stocks should be one candle close below 20 EMA line).
Disclaimer: The information provided on MoneyWiseMind is for educational and informational purposes only. It is not intended to be financial advice, and you should not rely on it as such. Before making any financial decisions, you should consult a licensed financial advisor.
When a stock closes above its 20 EMA (Exponential Moving Average) on
daily time frame, it often signals potential bullish momentum in the near
future. In financial markets where
uncertainties are inherent, investors tend to rely on growth-focused indicators
to identify promising opportunities. And the 20 EMA is one such powerful tool.
It helps spot potential trend reversals and confirms upward price strength for
the upcoming days on short term basis.
Based on our analysis, we’ve shortlisted 𝗳𝗼𝘂𝗿 stocks
from the Nifty 500 that have closed above their 𝟮𝟬 𝗘𝗠𝗔 on daily time
frame in the previous trading session. This suggests they may be poised for a
potential upward move in the coming days on short term basis.
In our analysis, all these shortlisted stocks show
signs of potential short-term upward movement. Notably, the Relative
Strength Index (RSI) for each stock is either above 50 or
approaching 60, reflecting rising momentum and buyer strength.
This alignment of price action with momentum
indicators increases the probability of a near-term bullish move. We
also noticed a notable volume spurt in these stocks.
Our first pick is 𝗔𝗰𝗰𝗲𝗹𝘆𝗮 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗜𝗻𝗱𝗶𝗮 𝗟𝘁𝗱. A software solution provider specially to the global airlines and Travel Industry. It has a market capitalization of ₹2143 crore, Stock P/ E= 17, Dividend Yield=4.53%, ROCE=57.o℅, ROE=42.2%.Current stock price is ₹1436. See the below...
Our second pick is 𝗥𝗶𝘁𝗰𝗼 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗟𝘁𝗱. Engaged
in transportation activities with a market capitalization of ₹ 473 crore. It
was established in 2001 and it's an ISO 9001- 2000 certified company. Stock
PE=18.0, Dividend yield=0.00, ROCE=15.8%, ROE=18.6%, current stock price is ₹
299.See the below chart of Ritco Logistics.
Our third pick is 𝗫𝗣𝗥𝗢 𝗜𝗻𝗱𝗶𝗮 𝗟𝗶𝗺𝗶𝘁𝗲𝗱. The company is
doing the business of polymers processing across different locations, and it's
a leading manufacturer in India. The company has a market capitalization of ₹
2766 crore, stock PE=72.0, Dividend yield=0.16%, ROCE=7.93%, ROE=6.56%, current
stock price is ₹1240.See the daily chart of XPRO below;
Fourth pick is 𝗢𝗿𝗶𝗲𝗻𝘁 𝗣𝗮𝗽𝗲𝗿 & 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗟𝘁𝗱. manufacturer of paper and chemicals. It was incorporated in 1936.It has a market capitalization of ₹642 crore, stock PE=0.00, Dividend yield=0.83%, ROCE=-2.91%, ROE=-3.47%, current stock price is ₹ 30.3.See the Daily chart of Orient Paper.
(Stop- Loss in these
stocks should be one candle close below 20 EMA line).
