Top 5 Nifty 50 gainers today – February 7, 2025: Biggest stock moves

In this article, we will explore the technical indicators of some of the high-performing stocks on the Indian stock market, including BHARTIARTL, HINDALCO, JSWSTEEL, TATASTEEL, and TRENT.

By looking at these stocks through the lens of key technical factors, we aim to better understand their price movements, trends, and potential future performance.

Analysis for Bharti Airtel - February 07, 2025

**Bharti Airtel** showed a positive performance with a significant stock price increase. The close price was 1676.75, marking a 3.52% rise from the previous close, with a notable points change of 57. The stock has stayed above both its 50-day and 200-day EMAs, suggesting strong momentum in the communication services sector.

Relationship with Key Moving Averages

Bharti Airtel's current closing price of 1676.75 is above its 10-day EMA (1643.04), 20-day EMA (1632.51), 50-day EMA (1618.94), and significantly higher than its 200-day EMA (1505.74), indicating a strong upward trend. The positive % change of 3.52% also suggests bullish momentum relative to these key moving averages.

Moving Averages Trend (MACD)

The MACD for Bharti Airtel indicates a positive trend as the MACD value of 12.15 is above the MACD Signal of 9.06, suggesting a potential bullish momentum. This trend could be considered a buy signal in technical analysis, implying that the stock may continue to rise if this trend persists.

RSI Analysis

The Relative Strength Index (RSI) for Bharti Airtel is 59.64, suggesting that the stock is currently in the neutral range. This indicates that the stock is neither overbought nor oversold, pointing towards a balanced momentum in the market.

Analysis for HINDALCO - February 07, 2025

**Hindalco** showed a positive performance with a percent change of 2.01%, closing at 607.40. Its volume was 4,687,621, below both the 50 EMA of 613.32 and the 200 EMA of 631.38, indicating a short-term rally. The RSI is at 53.42 suggesting a neutral momentum, while MACD indicates slight negativity. The company is in the Basic Materials sector, specifically in the Aluminum industry in India.

Relationship with Key Moving Averages

Hindalco is trading below its 50 EMA and 200 EMA, indicating potential bearish trends, as the current price of 607.40 is lower than both these averages (613.32 and 631.38, respectively). However, it is trading above its 10 EMA and 20 EMA, suggesting short-term bullishness.

Moving Averages Trend (MACD)

Hindalco's MACD is currently at -4.66, which is above the MACD Signal of -7.36, indicating a potential bullish crossover and a shift towards a positive trend. The negative MACD value suggests that the stock's recent short-term momentum has been slower compared to its longer-term trend, but the narrowing difference with the signal line might imply improving momentum.

RSI Analysis

The RSI for Hindalco is 53.42, indicating that the stock is neither overbought nor oversold. This RSI value suggests a relatively balanced momentum, implying no immediate indication of extreme buying or selling pressure.

Analysis for JSW Steel - February 07, 2025

JSW Steel showed a robust performance, with a significant increase in its closing price to 980.75, up by 3.41% from its previous close. The stock's momentum is supported by its RSI of 67.34, indicating a bullish trend, while the MACD value further confirms a positive market sentiment. The company's market cap stands at a substantial 2,392,971,280,384 in the steel industry of the basic materials sector in India.

Relationship with Key Moving Averages

JSW Steel is trading above its 50 EMA and 200 EMA, indicating potential bullish momentum. The stock's current price is also higher than its 10 EMA and 20 EMA, which suggests short-term strength. With the RSI at 67.34, the stock is approaching overbought conditions.

Moving Averages Trend (MACD)

**JSW Steel's** MACD analysis indicates that the stock is in a bullish trend, as the MACD line (8.4093) is above the MACD Signal line (2.7679). With a positive MACD value and a relatively high RSI of 67.34, momentum appears to be in favor of further upward movement.

RSI Analysis

JSW Steel's RSI is at 67.34, which suggests that the stock is approaching overbought territory but hasn't reached it yet. It indicates strong price momentum in the recent past, signaling potential further interest, though investors might watch for signs of overbought conditions.

Analysis for Tata Steel - February 07, 2025

Tata Steel showed a positive performance with its stock closing at 138.31, up by 4.35% from the previous close of 132.54. The volume was significant at 52,938,583 shares, and the stock traded between a low of 132.56 and a high of 138.75. With an RSI of 59.59, it indicates moderate momentum and the stock price is above its 50-day EMA but below the 200-day EMA, suggesting a short-term bullish trend within a longer-term bearish outlook.

Relationship with Key Moving Averages

Tata Steel's close price of 138.31 is above its 10-day EMA of 133.30 and 50-day EMA of 136.17, indicating potential short-term bullish momentum. However, it remains below the 200-day EMA of 145.13, suggesting that the long-term trend might still be bearish.

Moving Averages Trend (MACD)

**MACD Analysis for Tata Steel:** The MACD value for Tata Steel stands at -0.1445, while the MACD Signal line is at -1.3588. This indicates a potential bullish crossover, suggesting that the momentum might be shifting towards a positive trend.

RSI Analysis

Tata Steel's RSI is currently at 59.59, indicating a slightly bullish momentum as it is below the commonly overbought threshold of 70. This suggests that the stock is neither overbought nor oversold, providing room for potential upward movement.

Analysis for Trent - February 07, 2025

**Trent Performance:** Trent Limited, operating in the Consumer Cyclical sector and Apparel Retail industry in India, showed a positive performance with a closing price of 5454.40, marking a 3.36% increase from the previous close despite being below the 50 EMA of 6291.00. The company's RSI is 38.65, indicating it might be nearing oversold conditions, and its recent market activity includes a significant volume of 2,846,678 shares traded.

Relationship with Key Moving Averages

Trent's current closing price of 5454.40 is below its 50 EMA of 6291.00 and its 20 EMA of 5856.78, indicating a potential downtrend. However, it is above the 200 EMA of 6004.34, suggesting a long-term upward trend may still be intact.

Moving Averages Trend (MACD)

**MACD Analysis for Trent:** The MACD for Trent is -287.00 with a signal line at -294.89. This indicates a slightly bullish signal as the MACD line is above the signal line, potentially suggesting a reversal in trend or an upward momentum. However, the negative value signifies that the stock is still in a bearish mode overall.

RSI Analysis

The RSI (Relative Strength Index) for Trent is 38.65, which indicates that the stock is approaching an oversold condition. This level suggests that there may be potential for a price reversal or recovery, as RSI values below 30 are generally considered oversold.