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Charts of the Day - 23rd Nov 2021 | TraderSmith

Author: Yathisha Naik

November 23 2021 | Reading Time: 5 Minutes
Bharti Airtel
 

 
 
  • Today, the stock broke out from a six-week-long cup pattern on above average volume.
 
  • Simultaneously, the RS line is trending upward.
 
  • The slope of the momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
 
  • The stock has a good EPS Rank 62 and a Buyer Demand Rating of A. The number of funds holding the stock has also increased substantially in the last quarter.
 
Elgi Equipments
 

 
 
  • The stock is currently trading in a 31-week-long consolidation pattern.
 
  • The stock is facing strong resistance at INR 228 levels.
 
  • Today, it has formed a large bullish candle with improved RSI and MACD.
 
  • The stock has a strong fundamental profile and the number of funds holding the stock has also increased substantially in the last quarter.
 
Spicejet
 

 
 
  • The stock has had a downward sloping trendline breakout on November 16, 2021 on above average volume.
 
  • The stock was facing strong resistance at INR 81–84. Today, it has broken out from that level with positive RSI and MACD crossover.
 
  • This week, the stock has formed a “golden crossover” and a bullish candle.
 
  • The slope of the momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
 

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