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Charts of the Day - 17th Nov 2021 | TraderSmith

Author: Yathisha Naik

November 17 2021 | Reading Time: 2 Minutes
Welspun

 
  • The stock has been trading in a 23-week-long consolidation pattern.
 
  • Today, it broke out from a small trendline connecting the high of June 2021 to the high of October 2021 with above average volume.
 
  • Simultaneously, the RS line broke out from a small consolidation range.
 
  • The slope of the momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
 
 
Narayana Hrudayalaya
 

 
 
  • Today, the stock broke out of an eight-week flat base on above average volume.
 
  • Simultaneously, the RS line broke out from a small consolidation range.
 
  • The slope of the momentum indicator RSI on multi- timeframe charts has turned upward with a positive crossover.
 
  • The stock has a good EPS Rank 73 and a Buyer Demand Rating of A-. The number of funds holding the stock has also increased substantially in the last quarter.
 

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