MarketsmithIndia Articles

Charts of the Day - 08th Nov 2021 | TraderSmith

Author: Yathisha Naik

November 08 2021 | Reading Time: 5 Minutes
JK Cement
 

 
  • 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+. 

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article

Loading...