In a market short on fresh triggers, several stocks quietly grabbed attention on November 4, 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.
Marvel Décor shares surged 15.14 percent to Rs 63.95, trading above their 30-day (Rs 55.54), 50-day (Rs 59.28) and 150-day (Rs 57.28) SMAs, but marginally below the 200-day SMA of Rs 64.74, indicating strong near-term momentum.
Inventure Growth shares jumped 10.98 percent to Rs 0.91, trading above their 30-day (Rs 0.82) and 50-day (Rs 0.86) SMAs, but below the 150-day (Rs 0.92) and 200-day (Rs 0.96) averages, suggesting improving short-term momentum while the longer-term trend remains weak.
GNG Electronics: Shares rallied 8.75 percent to Rs 753.05, trading above all four key moving averages — 30-day (Rs 692.43), 50-day (Rs 669.74), 150-day (Rs 547.37) and 200-day (Rs 492.17), indicating strong momentum across short-, medium- and long-term trends.