3 NSE Stocks Catch Bullish Momentum Across 2 Key Sectors
JIOFIN, SBILIFE, and SBIN recently saw their Altra Scores turn bullish, signaling shifting momentum in Financial Services and Bank sectors.
- Visit the stock pages: JIOFIN, SBILIFE, SBIN
- Sector Nifty Financial Services Sector , which ranks #3 for Relative Strength (Altra Sector score of 54.0 with bullish regime.)
The Indian equities market, particularly the NSE, is signaling an improving breadth, with the Altra Market score at 60.7. This market-wide reading, which tracks the percentage of stocks above key exponential moving averages (EMAs), suggests an environment where selective, high-quality setups may emerge. Indeed, 56.0% of stocks are now trading above their 20-day and 50-day EMAs, and 54.0% above their 200-day EMA, accompanied by a positive 15-day score trend of +3.5. Against this backdrop, several individual stocks have recently seen significant shifts in their Altra Score – a momentum metric from 0-100 derived from EMA alignment and Relative Strength Index (RSI) trends across daily, weekly, and monthly timeframes. A higher score indicates more bullish momentum. This week, we examine three such names across the Nifty Financial Services and Nifty Bank sectors, which have individually turned bullish.
Jio Financial Services (JIOFIN)
Jio Financial Services (JIOFIN) experienced a notable shift in its momentum on July 10, 2026, as its Altra Score surged from 23.2 (Bearish) to 64.2 (Bullish). This move places JIOFIN within the bullish momentum category, reflecting a significant change in its technical posture. The stock's EMAs are now positioned above key exponential moving averages, a classic sign of upward price trend. Adding to this positive signal, JIOFIN saw a bullish 8-week and 30-week EMA crossover on November 10, 2023, indicating a longer-term positive trend. The stock's daily RSI stands at 54.44, with weekly and monthly readings around the mid-point, at 43.89 and 44.77 respectively, suggesting room for further price movement without being overextended. This aligns with a top-down perspective where its sector, the Nifty Financial Services Sector, currently holds a bullish Altra Sector score of 54.0 and ranks 3rd among sectors. The Altra Sector score, much like the individual stock score, assesses momentum at the sector level and provides a relative strength rank. This sector is described as a 'confirmed leader' that is currently 'cooling off,' with a positive 4-week relative strength trend of +1.02 and an RS RSI of 63.3, indicating sustained strength despite recent consolidation.
SBI Life Insurance (SBILIFE)
Just a day prior, on July 9, 2026, SBI Life Insurance (SBILIFE) also flipped from a Bearish to a Bullish Altra Score, moving from 25.9 to a robust 71.1. As of today, its score has further strengthened to 77.3, solidifying its bullish momentum. Like JIOFIN, SBILIFE's price is trading above its key EMAs across multiple timeframes, signifying underlying strength. A bullish 8-week and 30-week EMA crossover occurred much earlier, on September 1, 2023, suggesting a well-established uptrend. Its daily RSI is at 61.05, while weekly and monthly readings are 50.32 and 57.8, respectively. These RSI figures indicate healthy momentum without immediate signs of being overbought, supporting the stock's upward trajectory. Being part of the Nifty Financial Services Sector, SBILIFE benefits from the sector's overall bullish momentum, as indicated by its Altra Sector score of 54.0. The sector's status as a 'confirmed leader' with a healthy relative strength trend reinforces the positive sentiment surrounding its constituents.
State Bank of India (SBIN)
State Bank of India (SBIN) also made a significant momentum move on July 10, 2026, shifting from a Neutral Altra Score of 51.2 to a very strong 86.0, indicating a 'Strong Bullish' momentum regime. This substantial jump highlights renewed interest and upward pressure on the stock. SBIN's price is comfortably above its key EMAs, underscoring its current strength across daily, weekly, and monthly charts. However, it's noteworthy that a bearish 8-week and 30-week EMA crossover was observed on May 29, 2026. While the Altra Score captures more immediate and multi-timeframe momentum, this longer-term EMA cross could suggest some underlying structural shifts that may warrant monitoring despite the current strong bullish score. The daily RSI for SBIN is 54.63, with weekly at 52.57 and monthly at 59.32, all indicating a balanced momentum without being overheated. SBIN belongs to the Nifty Bank Sector, which currently boasts an even higher Altra Sector score of 59.0 and ranks 2nd overall, confirming its strong position among other sectors. While the Nifty Bank sector is also classified as a 'confirmed leader,' it shows a slight cooling off with a 4-week relative strength trend of -0.73, even as its RS RSI remains robust at 61.9. This suggests that while the sector is a leader, its recent relative strength has seen a minor pullback, yet strong individual names like SBIN are still finding substantial momentum.
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.