| JAIN IRRIG rose sharply to close at 121 rupee, up 9.56 percent. The previous time the stock gained this much was Feb 10, when it closed up 9.85 percent. The stock thereby reversed up after five days of losses. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated. RAJ OIL closed at 13.65 rupee after a huge loss of 19.94 percent. The stock has never lost more in one day since we started measuring this Jan 3. The stock has now fallen for the fifth day in a row. It was also very high volume. Overall it was traded for 20 millions rupee in the stock, which is 41 times as much as normal daily turnover. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated. KALE CONSUL. closed at 104 rupee after posting a gain of 19.99 percent. We must go back to Sep 20 to find an equally strong rise. That time the stock gained 20.00 percent. The stock broke up through the resistance at 93.22 rupee in an inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 130 rupee within six months is indicated. It was also very high volume. Overall it was traded for 21 millions rupee in the stock, which is 33 times as much as normal daily turnover. TIMKEN (I) closed at 242 rupee after posting a gain of 10.41 percent. We must go back to Jun 14 to find an equally strong rise. That time the stock gained 14.32 percent. The volume was also very high. At session end it was bought and sold shares for about 151 million rupee in the stock, which equals 15 times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, but is approaching the resistance at 251 rupee. 1422 shares showed a gain and 1445 showed a loss. 118 shares were unchanged and closed at the same price as the previous day. There was no trading in 391 shares. KANPUR PLAST was the share that performed the best. The share showed a total gain of 20.0 percent and closed at 43.20. JINDALCOTEX, SANGH FORG and KALE CONSUL. also did very well, with gains of 20.0, 20.0 and 20.0 percent, respectively. Today's loser was RAJ OIL, which closed at 13.65 after a loss of 19.9 percent. Other shares that performed poorly were MUKUND CRPS with a loss of 19.9 percent, SPAN DIAGNOS, down 14.4 percent, and PAL CREDIT, down 12.7 percent. The most actively traded shares were STATE BANK with a turnover of 971 million, AMRUTANJAN, with a turnover of 451 million, and TATA MOTORS, with a turnover of 430 million. Value of the total volume of shares and primary capital certificates traded Tuesday was approximately 19.8 billion. |
Positive candidate
Weak negative candidate
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