Index
Charts of the Day - 1st Oct 2021 | SwingTrader India
October 01 2021 | Reading Time: 5 Minutes
DIXON
● The stock has given a breakout from a seven-week consolidation base pattern.
● It has formed a higher- top and higher- bottom price structure on the daily on above average volume.
● After hitting its recent high of INR 4,735 on July 16, it corrected around 21%.
● It reversed its trend after witnessing buying interest on September 23, when it reclaimed its 50- DMA on above average volume.
● Weekly and monthly charts are also in a bullish trend, and there is no weakness so far.
TV18BRDCST
● The stock has formed a big bullish engulfing candle on the daily chart on higher volume.
● It has formed a higher- top and higher- bottom price structure on the daily chart with improved momentum in RSI.
● On the weekly chart, the index has been gaining consecutively from the past three weeks.
DELTACORP
● The stock is trending higher on all time frame charts, and today, it has formed a bullish candle with a higher- top and higher- bottom price structure.
● It gave a breakout from a stage-two cup base on September 2 and has gained around 40% from its pivot level in just 20 days.
● Even on the weekly chart, the stock has been gaining from for the past six weeks.
AMBER
● The stock has formed two bullish candles on the daily chart on above average volume and given a breakout above the trendline connecting the high of March 5, and September 30.
● Today, the stock gained around 5.7% intraday, with a positive bias.
● The momentum indicator RSI is also trending in the bullish zone and is currently at 73 on the daily chart.
● On the weekly chart, it has formed a big bullish engulfing candle after six months of consolidation.
INGERRAND
● Today, it formed a bullish candle on above average volume and gave a breakout above the trendline after eight weeks of consolidation.
● It is trending above all its key moving averages on a multi- time frame charts.
● However, the stock faces multiple resistance. A fresh call can be taken once the index crosses above INR 1,028, its recent pivot level.
● Fund holding has also increased around 9.2% in recent quarters.
● The stock has given a breakout from a seven-week consolidation base pattern.
● It has formed a higher- top and higher- bottom price structure on the daily on above average volume.
● After hitting its recent high of INR 4,735 on July 16, it corrected around 21%.
● It reversed its trend after witnessing buying interest on September 23, when it reclaimed its 50- DMA on above average volume.
● Weekly and monthly charts are also in a bullish trend, and there is no weakness so far.
TV18BRDCST
● The stock has formed a big bullish engulfing candle on the daily chart on higher volume.
● It has formed a higher- top and higher- bottom price structure on the daily chart with improved momentum in RSI.
● On the weekly chart, the index has been gaining consecutively from the past three weeks.
DELTACORP
● The stock is trending higher on all time frame charts, and today, it has formed a bullish candle with a higher- top and higher- bottom price structure.
● It gave a breakout from a stage-two cup base on September 2 and has gained around 40% from its pivot level in just 20 days.
● Even on the weekly chart, the stock has been gaining from for the past six weeks.
AMBER
● The stock has formed two bullish candles on the daily chart on above average volume and given a breakout above the trendline connecting the high of March 5, and September 30.
● Today, the stock gained around 5.7% intraday, with a positive bias.
● The momentum indicator RSI is also trending in the bullish zone and is currently at 73 on the daily chart.
● On the weekly chart, it has formed a big bullish engulfing candle after six months of consolidation.
INGERRAND
● Today, it formed a bullish candle on above average volume and gave a breakout above the trendline after eight weeks of consolidation.
● It is trending above all its key moving averages on a multi- time frame charts.
● However, the stock faces multiple resistance. A fresh call can be taken once the index crosses above INR 1,028, its recent pivot level.
● Fund holding has also increased around 9.2% in recent quarters.
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