Charts of the Day - 13th Oct 2021 | SwingTrader India
October 13 2021 | Reading Time: 5 Minutes
TATACHEM
ANGELBRKG
INDIAMART
BHEL
- Today, this stock outperformed as it gained around 15%.
- Today It has formed a big bullish candle on the daily chart today, with a higher- high, and higher -low price structure, which is a bullish signal.
- The stock is trending above all its key moving averages on all time frame charts. In fact, it has formed five positive candles consecutively on the monthly chart as well as weekly chart.
ANGELBRKG
- The stock is in a bullish zone and has been closing higher for the past five days with positive bias.
- Today, it has formed a big bullish candle on the daily chart with a higher- high, and higher -low price structure, which is a bullish signal.
- The stock is trending above all its key moving averages on all time frame charts with strong momentum in RSI and also a positive cross over in MACD.
INDIAMART
- After hitting its recent high on September 8, the stock went into a small phase of correction. and Today, it hit back with a big bullish candle on the daily chart and turned the sentiment positive.
- The stock is trending above all its key moving averages on all time frame charts with strong momentum in RSI and also a positive cross over in MACD.
- The stock is still 6% to pivot. If it crosses the pivot level, a decent rally can be expected in this counter.
BHEL
- The stock has been closing positive for the past five days. Today, it touched its pivot level and came down. However, its bullish momentum is remains intact.
- The stock is trending above its all its key moving averages on all time frame charts with strong momentum in RSI and also a positive cross over in MACD.
- It has already broken out of a cup formation on the weekly chart and is trending higher on all time frame charts.
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