MarketsmithIndia Articles

Charts of the Day - 17th Sept 2021 | SwingTrader India

September 17 2021 | Reading Time: 5 Minutes
Power Finance

 
 
  • Even though it crossed its pivot level again on September 13,  it is currently  facing resistance at 140–141.
 
MSTCLTD
 

 
  • The stock has had a breakout on the daily chart above the downward sloping trendline connecting the high of February 2021 to the high of July 2021.
 
Tata Steel
 

 
  • The stock is trading near support at its 50-EMA with a negative bias as it has fallen around 4% with above average volume on the daily chart.
  • It has already touched the 261.8% Fibonacci level with the fall that occurred from January 2018 to March 2020.
 
Cholamandalam Inv.& Fin
 

 
  • The stock broke out from a 19-week consolidation on the weekly chart.
  • The number of funds holding this stock has increased sharply in recent quarters.
 

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article

Loading...