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Charts of the Day - 19th Oct 2021 | SwingTrader India

October 19 2021 | Reading Time: 5 Minutes

  • The stock  gapped up at the opening after posting strong the Q2, 2021 results yesterday after market closed.
  • Revenue grew  of 8.8% q/q  and 25.6% y/y. and Net income grew 11.1%  q/q and 20.8% y/y.
  • The stock is trading in an uncharted territory and trending above its all key moving averages in multi- time frame chart and has closed on positive note consecutively from the past  six months.

  • The stock gapped up at the open  and trendline breakout today on above average volume.
  • The stock came out of its consolidation zone  almost after three and half months with a positive bias. 
  • The momentum indicator RSI has given a sharp rise and entered in bullish territory today with upward slope formation and another momentum indicator MACD also gave a positive cross over in this counter.

  • The stock gave the a trendline break out today on above average volume. 
  • It has formed a big bullish engulfing candle on the daily chart with improved momentum in RSI and MACD.
  • The stock is trending above its all key moving averages on a multi- time frame chart . 

  • The stock broke out of a  cup-with- handle base and formed two bullish candles on the daily chart on above average volume. 
  • The It has gained 13% from its pivot level in the past two days after  a 25% correction  in seven weeks and currently the stock is in bullish momentum. 
  • The stock is trending above its all key moving averages on a multi- time frame chart . 

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