Charts of the Day - 03rd Nov 2021 | TraderSmith
November 03 2021 | Reading Time: 5 Minutes
Garden Reach Shipbuilders & Engs
Skf India
LT
- Today, the stock broke out of a 64-week consolidation on above average volume.
- Also, the stock broke out from a trendline connecting the high of November 2019 to August 2020.
- Likewise, RS line is also trending upwards.
- Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
Skf India
- The stock has been trading in an upward sloping channel while holding its support at its 50-DMA.
- Simultaneously, RS line also broke out from a small consolidation range.
- The slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with a positive MACD.
- The stock has a good EPS Rank of 85, and a Buyer Demand Rating of A. The number of funds holding the stock also increased substantially in the last quarter.
LT
- Today, the stock has formed a bullish candle and made an all-time high.
- It has been trading in an upward sloping broadening channel with support at its 50-DMA.
- The stock has a good EPS Rank of 79, and a Buyer Demand Rating of B+. The number of funds holding the stock also increased substantially in the last quarter.
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