Index
Charts of the Day - 14th Oct 2021 | SwingTrader India
October 14 2021 | Reading Time: 4 Minutes
WIPRO
● The stock was in a sideways trend for the past three weeks, hovering near its 50- DMA and bouncing back from that level.
● However, the stock drew bullish sentiment and witnessed buying interest after reporting Q2 FY22 earnings on October 13, 2021.
● The stock gapped up and trended higher today on all time frame charts with improved momentum in RSI and MACD.
● The company has posted strong revenue growth for the September quarter at 8.1% q/q and 28.8% y/y, which has boosted investor sentiment.
MINDTREE
● The stock was in a sideways trend for the past three weeks after hitting its recent high on September 24 and was hovering near its 21- DMA. It bounced back from that level today.
● The stock saw a turn in sentiment and witnessed buying interest after reporting Q2 FY22 earnings on October 13, 2021.
● The company has posted a robust earnings as its net profit rose to Rs 398.9 crore (+57.3%) and revenue was up 34.3% to Rs 2,586.2 crore for the quarter ended September 30, 2021.
● Following the company’s earnings release yesterday, the stock gapped up and trended higher today on all time frame charts with improved momentum in RSI and MACD.
ADANIPORTS
● The stock has been consolidating for the past four weeks, but its price action turned the sentiment bullish in the last two days.
● The stock has formed two bullish candles on the daily chart with a higher- high and higher- low price structure with positive sentiment.
● The momentum indicator RSI has given a steep rise and formed an upward slope toward the upside with bullish momentum.
GRASIM
● The stock broke out from a six-week flat base pattern in the last week of September. However, the stock reversed its trend and made a small correction.
● On October 11, the stock bounced from its 21-DMA with above average volume and turned actionable.
● Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
● The stock has a good EPS Rank of 85, and a great buyer demand rating of A. The number of funds holding the stock also increased substantially in the last quarter.
● The stock was in a sideways trend for the past three weeks, hovering near its 50- DMA and bouncing back from that level.
● However, the stock drew bullish sentiment and witnessed buying interest after reporting Q2 FY22 earnings on October 13, 2021.
● The stock gapped up and trended higher today on all time frame charts with improved momentum in RSI and MACD.
● The company has posted strong revenue growth for the September quarter at 8.1% q/q and 28.8% y/y, which has boosted investor sentiment.
MINDTREE
● The stock was in a sideways trend for the past three weeks after hitting its recent high on September 24 and was hovering near its 21- DMA. It bounced back from that level today.
● The stock saw a turn in sentiment and witnessed buying interest after reporting Q2 FY22 earnings on October 13, 2021.
● The company has posted a robust earnings as its net profit rose to Rs 398.9 crore (+57.3%) and revenue was up 34.3% to Rs 2,586.2 crore for the quarter ended September 30, 2021.
● Following the company’s earnings release yesterday, the stock gapped up and trended higher today on all time frame charts with improved momentum in RSI and MACD.
ADANIPORTS
● The stock has been consolidating for the past four weeks, but its price action turned the sentiment bullish in the last two days.
● The stock has formed two bullish candles on the daily chart with a higher- high and higher- low price structure with positive sentiment.
● The momentum indicator RSI has given a steep rise and formed an upward slope toward the upside with bullish momentum.
GRASIM
● The stock broke out from a six-week flat base pattern in the last week of September. However, the stock reversed its trend and made a small correction.
● On October 11, the stock bounced from its 21-DMA with above average volume and turned actionable.
● Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
● The stock has a good EPS Rank of 85, and a great buyer demand rating of A. The number of funds holding the stock also increased substantially in the last quarter.
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