In a market short on fresh triggers, several stocks quietly grabbed attention on July 1, 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.
Haleon Labs surged 11.36% to ₹1,636, trading comfortably above its 30-day (₹1,469.11), 50-day (₹1,475.20), 150-day (₹1,349.75), and 200-day (₹1,305.50) simple moving averages. The stock's position above all major moving averages suggests a strong bullish trend across multiple timeframes.
RITES gained 8.08% to ₹222.82 and traded above its 30-day (₹206.16), 50-day (₹211.82), and 150-day (₹217.29) moving averages. However, it remained marginally below its 200-day moving average of ₹226.50, indicating improving momentum while still facing long-term resistance.
Drone Destination advanced 3.94% to ₹42.70, trading above its 30-day moving average of ₹41.08. However, the stock remained below its 50-day (₹44.84), 150-day (₹52.92), and 200-day (₹59.23) moving averages, suggesting that while near-term momentum has improved, the broader long-term trend remains weak.
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.
Quicktouch Technologies declined 4.56% to ₹24.05, trading below its 30-day (₹25.20), 50-day (₹26.51), 150-day (₹32.22), and 200-day (₹36.15) simple moving averages. The stock's position below all major averages indicates sustained bearish sentiment across both short- and long-term timeframes.
Navkar Urban Structure slipped 3.06% to ₹0.95. While the stock traded above its 50-day moving average of ₹0.91, it remained below the 30-day (₹0.98), 150-day (₹1.17), and 200-day (₹1.47) moving averages, suggesting limited near-term recovery but an overall weak trend.
Media Matrix Worldwide fell 1.86% to ₹13.20. The stock traded below its 30-day moving average of ₹13.45, but remained above its 50-day (₹12.86), 150-day (₹8.68), and 200-day (₹7.67) moving averages. This indicates short-term weakness despite a relatively positive medium- to long-term technical outlook.
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 Ather Energy, Krishna Institute, Marico, ACME Solar, Aegis Logistics, Cemindia Projects, Phoenix Mills, Acutaas Chemicals, Granules India, Star Health, Navin Fluorine, Ipca Laboratories, Piramal Finance, JB Chemicals & Pharmaceuticals, Ajanta Pharma, Minda Corporation, Gujarat Fluorochemicals, Aurobindo Pharma, Welspun Corp, and Laurus Labs.
Separately, GNG Electronics, Veljan Denison, Fujiyama Power Systems, among others were locked in their upper circuits, reflecting strong buying demand and limited seller participation — a sign of bullish near-term sentiment.