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Charts of the Day - 22nd Sept 2021 | SwingTrader India

Author: Yathisha Naik

September 22 2021 | Reading Time: 5 minutes
Tech Mahindra

● The stock is trading above all its key moving averages with bullish momentum on all time frame charts.
● Today, the stock broke out from  a “‘’Bullish flag”’’ continuation pattern on the daily chart and a tight area on the weekly chart.
Sonata Software

● The stock is trending above all its key moving averages and  has taken support around the 21-DMA.
● Today, the stock broke out after one month of consolidation and tight area formation on the weekly chart.
● RSI and MACD are showing a bullish trend in the stock.
Apollo Tyres

● Today, the stock broke out from a downward sloping trendline connecting the high of March 2021 to July 2021 on the daily chart.
● The stock has also successfully retaken  its 50- and 100-DMA, with positive crossovers on RSI and MACD.

● Today, the stock broke out from a six-week cup- with-  handle pattern  on above average volume.
● Overall, the Realty sector is bullish , and this stock is a major component of this space.
● Multi time frame charts also suggest a bullish trend in this stock.

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