In a market short on fresh triggers, several stocks quietly grabbed attention on June 29, 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.
Vikran Engineering gained 8.35% to close at ₹76.28, trading above its 30-day (₹70.40) and 50-day (₹71.22) simple moving averages. However, the stock remained below its 150-day (₹79.48) and 200-day (₹85.00) moving averages, suggesting that while short-term sentiment has improved, the longer-term trend is yet to turn positive.
TSF Investments rose 3.82% to ₹414.65. The stock traded above its 30-day (₹399.41) and 50-day (₹402.94) moving averages but stayed below its 150-day (₹421.75) and 200-day (₹467.87) averages, indicating strengthening short-term momentum despite a cautious long-term outlook.
Deccan Cements advanced 3.66% to ₹616.10. The stock was trading above its 30-day moving average (₹594.32) but remained marginally below its 50-day (₹618.81) as well as its 150-day (₹675.03) and 200-day (₹770.60) moving averages, reflecting a recovery in the near term while the broader trend remains under pressure.
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.
TechEra Engineering declined 4.16% to ₹161.05, trading below its 30-day (₹168.04), 50-day (₹182.40), 150-day (₹199.20) and 200-day (₹210.59) simple moving averages. The stock's position below all major moving averages indicates sustained weakness across both short- and long-term trends.
Uniinfo Telecom Services fell 3.91% to ₹11.31. The stock traded below its 30-day (₹11.77), 50-day (₹12.44), 150-day (₹13.84) and 200-day (₹14.72) moving averages, signalling persistent bearish momentum and a weak overall technical outlook.
Precision Wires India slipped 3.21% to ₹400.25. The stock was trading below its 30-day (₹413.54) and 50-day (₹407.12) moving averages, indicating near-term weakness. However, it continued to trade well above its 150-day (₹313.80) and 200-day (₹286.29) moving averages, suggesting that the broader long-term trend remains positive despite the recent correction.
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 Dr Reddy's Labs, Nuvama Wealth, GMR Airports, Aurobindo Pharma, Apollo Hospitals, Welspun Corp, ACME Solar, Radico Khaitan, Oracle Financial Services.
Separately, Blue Pearl Agriventures, Gradiente Infotainment were locked in their upper circuits, reflecting strong buying demand and limited seller participation — a sign of bullish near-term sentiment.