In a market short on fresh triggers, several stocks quietly grabbed attention on November 2, 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.
Silky Overseas shares surged 12.57% to Rs 76.95, trading above their 30-day SMA of Rs 68.36 and 50-day SMA of Rs 69.60, but below the 150-day and 200-day SMAs of Rs 108.50 and Rs 114.90, respectively.
Menon Bearings shares gained 9.63% to Rs 313.50, trading above all four major moving averages — 30-day SMA of Rs 285.95, 50-day SMA of Rs 287.68, 150-day SMA of Rs 204.35 and 200-day SMA of Rs 183.31.
Nitta Gelatin shares rose 8.97% to Rs 1,782.10, trading above all four major moving averages — 30-day SMA of Rs 1,635.37, 50-day SMA of Rs 1,632.57, 150-day SMA of Rs 1,178.49 and 200-day SMA of Rs 888.09.