Charts of the Day - 16th Sept 2021 | SwingTrader India
September 16 2021 | Reading Time: 5 Minutes
ITC
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Canara Bank
Quess Corp
ICICIBANK
Hdfc Life Insurance Co
- Today, ITC broke out from five-month consolidation and gained 6.87%.
- It has given a breakout above the downward sloping trendline connecting the high of February 2021 and July 2021.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Canara Bank
- Today, the stock broke out from a 16-week flat base pattern on above average volume.
- It has also given a breakout on the daily chart above the downward sloping trendline connecting the high of March 2021 and August 2021.
Quess Corp
- Today, the stock broke out from a small six-week cup pattern with above average volume.
- Number of funds has sharply increased in recent quarters.
ICICIBANK
- Currently, the stock is trading in an upward sloping parallel channel (as marked in black color on the daily chart).
- After a small consolidation, it has bounced from its 21-DMA with above average volume.
- Overall, the Nifty Bank index is trading at an all-time high.
Hdfc Life Insurance Co
- After a breakout from a 25-week flat pattern, the stock has been trading sideways.
- On September 2, it already gave a breakout above the downward sloping trendline connecting the high of March 2021 and June 2021.
- It has also retested and bounced from its breakout level.
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