The stock broke out from a 36-week cup- with -handle base on above average volume. Furthermore, it has formed a tight pattern on the weekly chart.
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 is on the verge of a “golden crossover” on the weekly chart.
The stock broke out from a 15-week [consolidation] pattern on above average volume.
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 broke out from a 16-week cup- with -handle base on above average volume.
Simultaneously, the stock broke out above the trendline connecting the highs of June and September on above average volume. Also, momentum indicators MACD and ADX had a positive crossover on the weekly chart.
The stock has a fair EPS Rank of 76, and an RS Rating of 65. 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. Cholamandalam Inv.& Fin
The stock broke out of a stage-one 19-week [consolidation] base on higher volume and is trading above its key moving averages.
Its performance with respect to the market has improved, indicated by an increase in RS Rating to 62 from 52 within two weeks. The stock is under accumulation, reflected by an A/D Rating of A+. The number of funds holding the stock has also increased substantially in the last quarter.
Q1 FY22 earnings are due on October 27, 2021.
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.