In a market short on fresh triggers, several stocks quietly grabbed attention on October 23, 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.
Blue Coast shares rose 5.55% to Rs 23, trading above its 30-day moving average of Rs 21.79 and 50-day moving average of Rs 22.48. However, the stock remained below its 150-day moving average of Rs 25.69 and 200-day moving average of Rs 25.91, indicating improving short-term momentum but continued weakness against longer-term averages.
Infomedia Press shares gained 5.24% to Rs 5.62, trading above their 30-day moving average of Rs 5.34, 50-day moving average of Rs 5.29, 150-day moving average of Rs 5.50 and 200-day moving average of Rs 5.53. Trading above all key moving averages indicates strengthening upward momentum.
Jindal Poly Films shares rose 4.49% to Rs 716, trading above their 30-day moving average of Rs 685.24, 50-day moving average of Rs 672.63 and 150-day moving average of Rs 698.01. The stock also remained above its 200-day moving average of Rs 649.48, indicating strong upward momentum across short-, medium- and long-term trends.