MarketsmithIndia Articles

Charts of the Day - 18th Nov 2021 | TraderSmith

Author: Yathisha Naik

November 18 2021 | Reading Time: 2 Minutes
VBL
 

 
 
  • The stock broke out from an eight-week-long consolidation on November 8.
 
  • After breakout, it pulled back toward its 50-DMA and today bounced from the breakout levels.
 
  • The stock has a good EPS Rank of 93 and a Buyer Demand Rating of B+. The number of funds holding the stock has also increased substantially in the last quarter.
 
 
 Adani Green Energy
 

 
 
  • After breaking out from a cup-with-handle pattern, the stock formed a six-week-long flat base and traded sideways.
 
  • The stock broke out from a flat base and is facing resistance at its previous highs.
 
  • Simultaneously, the RS line broke out and is trending upward.
 
  • 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 of 75 and a Buyer Demand Rating of A. The number of funds holding the stock has also increased substantially in the last quarter.

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...