Charts of the Day - 22nd Oct 2021 | SwingTrader India
October 22 2021 | Reading Time: 5 minutes
Ifb Industries
Kec International
Jammu & Kashmir Bank
Cholamandalam Inv.& Fin
- 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.
Kec International
- 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.
- Q1 FY22 earnings are due on October 27, 2021.
Jammu & Kashmir Bank
- 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.
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.
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