Charts of the Day - 08th Nov 2021 | TraderSmith
November 08 2021 | Reading Time: 5 Minutes
JK Cement
Cholamandalam Inv.& Fin.
Muthoot Finance
- Today, the stock broke out of a 13-week flat base on above average volume.
- Simultaneously, RS line broke out from a small consolidation range.
- The slope of momentum indicator RSI on multi- timeframe charts has turned upward with a positive crossover.
- The stock has a good EPS Rank of 98, and a Buyer Demand Rating of B+. The number of funds holding the stock has also increased substantially in the last quarter.
Cholamandalam Inv.& Fin.
- The stock broke out from a 13-week consolidation and was facing strong resistance at INR 600-630.
- Today, it successfully closed above its resistance zone and formed a bullish candle.
- Simultaneously, the slope of momentum indicators RSI on multi- timeframe charts has turned upward with a positive crossover.
- The stock has a good EPS Rank of 56, and a Buyer Demand Rating of A-. The number of funds holding the stock has also increased substantially in the last quarter.
Muthoot Finance
- Today, the stock broke out of a 14-week flat base pattern on above average volume.
- It has been trading in an upward sloping parallel channel and is currently facing resistance at INR 1,683.
- Simultaneously, the slope of momentum indicator RSI on multi- timeframe charts has turned upward with a positive crossover.
- The stock has a good EPS Rank of 91, and a Buyer Demand Rating of A+.
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