Index
Charts of the Day - 09th Nov 2021 | TraderSmith
November 09 2021 | Reading Time: 5 minutes
JAMNAAUTO
GODREJIND
MOTILALOFS
- The stock broke out on May 21, 2021 and has since been trending higher. It is forming an ascending base pattern.
- It is trending above all its key moving averages on all time frame charts with positive bias.
- The momentum indicator RSI is trading upward. The other momentum indicator MACD has had a positive crossover on all time frame charts.
- It has EPS Rank 67, a Price Strength Rating of 61, and a Buyer Demand Rating of A. Institutional sponsorship has increased 9.54%.
GODREJIND
- The stock broke out from a cup-with-handle base today and also formed a higher-high, higher-low price formation on the daily chart, with above average volume.
- It is trending above all its key moving averages on all time frame charts with positive bias.
- The momentum indicator RSI is moving upward with a positive slope. The other momentum indicator MACD is also moving with a positive crossover.
- It has EPS Rank 70 and a good Buyer Demand Rating of B+. Institutional sponsorship has also increased 6.33% in the last quarter.
MOTILALOFS
- The stock corrected around 39% from its recent all-time high at INR 1,188 on July 19, 2021 and reversed its trend on August 24, 2021 by forming a bullish reversal candle on the daily chart.
- It is trending above all its key moving averages on multi-time-frame charts with positive bias. It might fill the gap down area on the daily chart as well as retest its recent high in the upcoming weeks.
- The momentum indicator RSI has entered the bullish zone on the daily chart, signaling impending price strength in this counter.
- The company reported healthy Q2 2022 results. The stock has good EPS Rank 80 and a Buyer Demand Rating of A-.
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