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Charts of the Day - 01st Nov 2021 | TraderSmith

Author: Yathisha Naik

November 01 2021 | Reading Time: 5 Minutes
Puravankara 
 

 
  • The stock has been trading in an upward parallel channel, and today, it bounced from a its support level. 
 
  • Also, the stock gave a small breakout from a flag pattern on higher volume today.
 
  • Simultaneously, the slope of momentum indicators RSI on multi- timeframe charts has turned upward with a positive crossover.
 
  • The stock has a good price strength rating of 77, and a buyer demand rating of  A+. The number of funds holding the stock also increased substantially in the last quarter.  
 
Guj.Narmada Vly.Fcm
 

 
  • On September 27, the stock broke out from a 19-week long consolidation pattern with on above average volume.
 
  • Post breakout, the stock gained over 20% in the next six trading sessions. However, after touching INR 518 levels, the stock made a small correction and retested its breakout level.
 
  • Today, the stock broke out from a small flag base pattern with above average volume. Simultaneously, 14-period RSI gave a breakout and is now trending in an upward slope. 
 
  • The stock has a good EPS Rank of 86, and a Buyer Demand Rating of  A+. The number of funds holding the stock also increased substantially in the last quarter. 
 
Indusind Bank
 

 
  • Following a breakout on September 16 the stock  reclaimed its 21-DMA and has been trading in a sideways trend.
 
  • Likewise, RS line also broke out from the sideways trend.
 
  • The stock has a good EPS Rank of 80, and a buyer demand rating of  B-. The number of funds holding the stock also increased substantially in the last quarter. 
 
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
 
Sobha 
 

 
  • The stock has been trading in an upward parallel channel, and today, it bounced off a its 50-DMA. 
 
  • Also, the stock gave a small breakout from the flag pattern on higher volume today.
 
  • Simultaneously, the slope of momentum indicator RSI on multi- timeframe charts has now turned upward with a positive crossover.

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