In a market short on fresh triggers, several stocks quietly grabbed attention on October 28, 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.
Indo US Bio-Tec shares are trading at Rs 84.11, up 13.28%, and are above their 50-day and 150-day simple moving averages (SMAs) of Rs 74.25 and Rs 77.13, respectively, but below their 200-day SMA of Rs 89.62.
Piramal Pharma shares are trading at Rs 222.40, up 10.46%, and are above all four major moving averages, with the 30-day SMA at Rs 201.34, 50-day at Rs 206.26, 150-day at Rs 181.71 and 200-day at Rs 176.15, indicating strong price momentum.
Capital India shares are trading at Rs 21.90, up 10.05%, and are above their 30-day and 50-day SMAs of Rs 19.90 and Rs 20.13, respectively, but below their 150-day and 200-day SMAs of Rs 22.99 and Rs 25.12.