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Charts of the Day - 16th Sept 2021 | SwingTrader India

September 16 2021 | Reading Time: 5 Minutes
ITC
 
  • 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
  • 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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