Smallcap stocks to watch out for today!

resr 5paisa Research Team

Last Updated: 16th December 2022 - 05:54 am

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The frontline indices have made a strong pullback in the Monday trading session. The Nifty 50 may see some selling pressure near 18200 levels. Midcap stocks outperformed the frontline indices on Monday.

Following stocks will be in focus on Tuesday:

Only Buyers: The shares of Coffee Day Enterprises, Inflame Appliances, Par Drugs, Rohit Ferro Tech, Parsvanath Developers, Hindustan Motors, Patel Engineering and Mirza International were seen locked in the upper circuit on Monday. These outperforming shares will be in focus on Tuesday.

Price Volume gainers: TAAL Enterprises, Kimia Biosciences, IRIS Business Services, Parsvanath Developers, Cambridge Technology, Ginni Filaments, Archidply Industries, Steel Exchange India and Greenply industries are some of the trending smallcap stocks that gained with a spurt in volume on Monday. These trending smallcap stocks will be in focus on Tuesday.

Positive Closing: Trans Freight Containers, Walchand Peoplefirst, Silver Touch Technologies, MRC Exim, Ambition Mica, Tiger Logistics and CCL international are some of the smallcap stocks that gave a positive closing. All these trending stocks were forming a Marubozu candlestick chart pattern which indicates further bullishness.

Bullish Engulfing Pattern: Ladderup Finance, Inox Wind, IFB Agro Industries and Barbeque Nation are some of the trending stocks that formed a bullish engulfing candlestick chart pattern on Monday. These stocks will be viewed with a bullish perspective on Tuesday.

Moving Average Crossover: The shares of Atlas Jewellery India, Aanchal Ispat and Jindal Cotex saw a Golden Crossover of 50D SMA over 200D SMA recently. These shares will be in focus as the golden cross over is considered a bullish sign in the medium term.

52 week High stocks: RPG Life Science, Pricol, Alkali Metals, Soma Textiles, Venus Remedies and Bharat Bijlee are some of the trending smallcap stocks that made a fresh 52-week high on Monday. These stocks will be in focus on Tuesday.

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