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Charts of the Day - 18th Oct 2021 | SwingTrader India

Author: Yathisha Naik

October 18 2021 | Reading Time: 5 minutes
Jammu & Kashmir Bank
 

 
  • The stock broke out from a 15-week cup- with- handle base on above average volume.
 
  • Likewise, its RS line also broke out above a trendline connecting its February high to the September high.
 
  • Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
 
  • The stock has a fair  EPS Rank of 76, RS Rating of  62, and a great buyer demand rating of A +. The number of funds holding the stock also increased substantially in the last quarter. 
 
 
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
 
Ami Organics
 

 
  • The stock has been trading in a three-week IPO base pattern, and today, it has given a close above INR 1,350 levels on a closing basis.
 
  • Simultaneously, the slope of momentum indicator RSI is trending upward.
 
  • The stock has a good EPS Rank of 83, RS Rating of 70, and fair Group Rank of 51. 
 
Punjab National Bank
 

 
  • Today, the stock broke out from a 33-week cup- with-a handle base on above average volume on the weekly chart.
 
  • Likewise, its RS line also had a breakout above a trendline connecting the February high to the August high.
 
  • Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts was trending upward, along with positive MACD.
 
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio and booked partial profit.
 
Rain Industries
 

 
  • Today, the stock broke out from a nine-week cup- with-a handle base on above average volume on the daily chart.
 
  • Simultaneously, the stock broke out above the trendline connecting the highs of August  and  October on above average volume. Simultaneously, momentum indicators MACD and ADX also had a positive crossover on the weekly chart.
 
  • The stock has a Good EPS Rank of 90, and the number of funds holding the stock has also increased substantially in the last quarter.

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