Technical breakout: Coal India, Persistent Systems, 7 other stocks cross 100-day SMA
100-day Simple Moving Average is a crucial technical indicator for stocks, often signaling potential shifts in short-term trends. On August 1, 2023, companies such as Jindal Worldwide, Vinati Organics, Navin Fluorine International, Persistent Systems, and Page Industries showcased strong performance in their respective sectors. Let's explore the performance of these stocks.
(Data Source: StockEdge)1. RHI Magnesita India RHI Magnesita India, a global leader in refractory solutions, surged above its 100 SMA, which was at Rs 644.88, with a closing price of Rs 678.8 on August 1.2. Atul Atul, a diversified chemical company, has surpassed its 100 SMA, which was at Rs 6854.95, with a closing price of Rs 7210.3.
The company is engaged in manufacturing a wide range of specialty chemicals, flavours, and fragrances, catering to diverse industries worldwide.3. Coal India Coal India, one of the world's largest coal producers, has crossed its 100-day SMA, which was at Rs 229.27, with a closing price of Rs 240.35.4. HFCL HFCL, a prominent telecom infrastructure company, has surged above its 100 SMA, which was at Rs 64.94, with a closing price of Rs 66.15.
The company is involved in providing end-to-end solutions for the telecommunications industry.5. Jindal Worldwide Jindal Worldwide, a leading textile company, has surpassed its 100 SMA, which was at Rs 333.38, with a closing price of Rs 339.5. The company manufactures a diverse range of textile products for both domestic and international markets.6. Vinati Organics Vinati Organics, a specialty chemical manufacturer, has surged above its 100 SMA, which was at Rs 1855.56, with a closing price of Rs 1889.7.
Read more on economictimes.indiatimes.com
