Three NSE Stocks Flashed Bullish Signals
Amidst a bearish NSE market, three stocks across Bank Nifty, Nifty Metal, and Nifty Pharma registered bullish momentum shifts this week.
- Visit the stock pages: KOTAKBANK, TATASTEEL, ABBOTINDIA
- Sector BANKNIFTY , which ranks #2 for Relative Strength (Altra Sector score of 70.0 with bullish regime.)
The broader NSE market has been navigating a challenging period, with the Altra Market score, which gauges overall market breadth by the percentage of stocks above key Exponential Moving Averages, currently signaling a bearish environment at 8.9. This is reinforced by a generally unfavorable texture, marked by poor breadth with only 4% of stocks above their 20-day and 50-day EMAs, and a significant daily advance-decline ratio of 14/36. Despite this backdrop, some individual stocks have shown intriguing shifts in momentum, registering bullish signals on their Altra Score—a proprietary metric from 0 to 100 derived from EMA alignment and RSI trends across daily, weekly, and monthly timeframes, where higher scores indicate stronger bullish momentum. We also look at Altra Sector scores, which evaluate momentum and relative strength at the sector level, to provide context.
Kotak Mahindra Bank (KOTAKBANK)
Kotak Mahindra Bank recently made a significant move, with its Altra Score climbing from a Neutral 54.3 to a Strong Bullish 87.7 on September 30, 2026. This positive shift has been sustained, with the stock currently holding at a robust 93.5, firmly in the Strong Bullish category. This performance is particularly noteworthy given the overall bearish market sentiment. The stock's price action is currently positioned above its key Exponential Moving Averages (EMAs), a sign of underlying strength, and it registered a bullish Weekly EMA Crossover on August 24, 2026, further confirming its upward trajectory. The Relative Strength Index (RSI) across daily (57.6), weekly (57.14), and monthly (51.28) timeframes suggests healthy momentum, avoiding overbought conditions while demonstrating consistent buying interest. Kotak Mahindra Bank operates within the Bank Nifty sector, which itself carries a bullish Altra Sector score of 70.0 and ranks 2nd overall. While the sector is identified as a confirmed leader, its relative strength RSI of 58.5 indicates it's cooling off slightly, yet KOTAKBANK continues to exhibit strong individual momentum, standing out from the broader market weakness.
Tata Steel Ltd. (TATASTEEL)
Tata Steel provided a compelling example of a momentum shift on September 29, 2026, as its Altra Score transitioned from a Bearish 31.6 to a Bullish 61.3. However, the current standing reveals a subsequent sharp reversal, with the stock now registering a Strong Bearish Altra Score of 7.3. This illustrates how quickly momentum can turn, especially in a challenging market environment. Despite the Nifty Metal sector's bullish Altra Sector score of 65.0 (ranking 3rd and accelerating as a confirmed leader with an RS RSI of 66.2), Tata Steel's individual price action is currently below its key EMAs. Adding to this bearish outlook, the stock recorded a bearish Weekly EMA Crossover earlier on July 15, 2026. Its RSI levels across daily (38.0) and weekly (40.05) timeframes indicate prevailing selling pressure, while the monthly RSI at 52.36 suggests some longer-term consolidation. This rapid change highlights the importance of consistent monitoring, as an initial bullish signal can quickly falter if not supported by sustained buying pressure and underlying technical strength.
Abbott India Ltd. (ABBOTINDIA)
Abbott India also registered a notable momentum change on September 29, 2026, with its Altra Score moving from a Neutral 52.2 to a Strong Bullish 83.9. While this represented a strong surge in bullish sentiment, the stock's current Altra Score has pulled back to 46.9, placing it back in the Neutral category. This suggests that while the stock did experience a period of strong positive momentum, it was not sustained in the immediate term. Abbott India belongs to the Nifty Pharma sector, which is the top-ranked sector with an impressive bullish Altra Sector score of 96.0, identified as a confirmed leader and accelerating with a robust relative strength RSI of 80.6. This strong sectorial backdrop makes the individual stock's cooling momentum particularly interesting. Currently, Abbott India's price action is below its key EMAs, and it recorded a bearish Weekly EMA Crossover on August 17, 2026. Its daily RSI is at 52.69, weekly at 49.44, and monthly at 44.16, indicating mixed to weakening momentum across different timeframes. The contrast between a highly bullish sector and an individual stock's temporary bullish turn followed by a retreat underscores that even within leading sectors, individual stock performance can diverge.
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.