ATLPP, Epack Prefab Technologies Lead as Outperformers; LTM, TCS Under Pressure

There have been some price movements in several stocks on June 3 on account of technical indicators. Some of the stocks that had moved higher included ATLPP, Epack Prefab Technologies, and Halder Venture, which was attributed to positive technical momentum above moving averages.

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Stocks Moving Higher

ATLPP was up by 7.44% and ended at ₹10.40. The stock traded above its 30-day simple moving average (SMA) of ₹9.68 and 50-day SMA of ₹9.01, indicating sustained strength in the near term.

Epack Prefab Technologies gained 6.72% to ₹207.10. The stock remained above its 30-day SMA of ₹194.06 and 50-day SMA of ₹180.08. However, it remained below its 150-day SMA of ₹226.44, suggesting while the short-term momentum has turned positive, the longer-term trend remains watchful.

Halder Venture (gaining 6.58%) to ₹251.66. The stock is trading above its 30-day SMA of ₹236.12 and 50-day SMA of ₹241.82 indicating sustained buying interest and strengthening of short-term price action.

Stocks Come Under Selling Pressure

The downside was that a number of counters were still below key moving averages, which pointed to persistent weakness. LTM fell 4.24% at ₹4,062. The stock was trading below its 30-day, 50-day, 150-day and 200-day SMAs of Rs 4,241.98, Rs 4,288.15, Rs 5,210.46 and Rs 5,220.97, respectively. All significant moving averages are trading below, indicating an ongoing downward trend.

TCS fell 4.14% to ₹2,285. The stock remained below its 30-day SMA of ₹2,383.60, 50-day SMA of ₹2,414.54, 150-day SMA of ₹2,823.20, and 200-day SMA of ₹2,878.64, reflecting continued weakness in price performance.

Mohit Industries slipped 3.25% to ₹22.91. The stock traded below its 30-day SMA of ₹23.68, 50-day SMA of ₹22.99, 150-day SMA of ₹26.14, and 200-day SMA of ₹27.91, signalling ongoing pressure across multiple timeframes.

Upper Circuits And Fresh Highs

There were some stocks that saw high buying interest and registered an upper circuit in the session. Some of the stocks that registered an upper circuit in the session included Venus Remedies, IZMO, Halder Ventures, and Bafna Pharmaceuticals.

On the other hand, there were some stocks that registered new 52-week highs on the day. Some of the companies that registered new 52-week highs in the session included Apar Industries, IFCI, Chennai Petroleum Corp., HFCL, Jammu & Kashmir Bank, NMDC, Technologies India, PTC Industries, and ACME Solar Holdings.

In the session, it was seen that there was technical action going on as the day saw individual stocks performing well despite the lack of any market-wide triggers.