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Charts of the Day - 02nd Nov 2021 | TraderSmith

Author: Rahi Masoom Raza

November 02 2021 | Reading Time: 5 minutes
PHOENIXLTD
 

 
 
  • The stock has formed a big bullish candle with  a higher- high and higher- low price structure on the daily chart.
 
  • After a few weeks of consolidation with positive bias and trading above its key moving averages on multi-time frames, it has also given a trendline breakout today.
 
  • The momentum indicator RSI has given a steep rise and moving upside and is currently placed at 66 on the daily chart. Another momentum indicator, MACD, has also given a positive cross over today. 
 
 
PRESTIGE
 

 
  • The stock has bounced back from its 50- DMA on above average volume after a few days of consolidation. 
 
  • After hitting an all- time high at INR 503, the stock has corrected around 20% and hit the low at INR 406, and then it has reversed its trend and started moving upside.
 
  • The stock has formed a big bullish candle with a higher- high and higher- low price structure on the daily chart.
 
  • The stock has EPS strength of 93 and buyer demand of A+, and also the fold holding has increased by 18.89%  in the last quarter. 
 
RBLBANK
 

 
  • The stock has formed a big bullish candle on the daily chart, and reversing its trend and is moving upward with positive bias.
 
  • IT has given a trendline breakout today with above- average volume and is ready to reclaim its 200- DMA moving average. 
 
  • The momentum indicator RSI also bounced back after hitting the low at 40 and is currently  at 56 with a steep rise toward the upside, which is a bullish signal. 
 
ABFRL
 

 
  • The stock  broke out  from a cup- with- handle formation on the daily chart on September 30, and gained around 28% in 32 days from the pivot point. 
 
  • After hitting the high of INR 276 on October 18, it had given a small correction of 12%. It has gained momentum later and reclaimed its 21- DMA and is now trading its moving upward . It is currently trading at an all- time high. 
 
  • The stock is in a bullish trend, and it is trading above its key moving averages on a multi- time frame charts with improved momentum. 

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