Charts of the Day - 23rd Sept 2021 | SwingTrader India
September 23 2021 | Reading Time: 5 Minutes
LT
KRBL
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Craftsman Automation
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Shankara Building Products
- The stock is trading above all its key moving averages with bullish momentum on all time frame charts.
- Today, the stock broke out above the upward channel and from a small cup- with handle pattern.
- Overall, the Realty and Infra sector is bullish, and this stock is a major component of this space.
KRBL
- Today, the stock broke out above the downward sloping trendline connecting the high of July 2021 to September 2021 on the daily chart.
- Currently, the stock is trading in a 58-week cup with handle pattern, 6% below pivot price.
- RSI and MACD are showing bullish trends in the stock.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Craftsman Automation
- The stock broke out from a nine-week cup- with- handle pattern on above average volume.
- Today, the stock broke out from a downward sloping trendline connecting the high of July 2021 to September 2021 on the daily chart.
- Also, the stock successfully bounced off its 50-DMA today, with positive crossovers on RSI and MACD.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Shankara Building Products
- The stock has been trading in an eight-week consolidation pattern and has retaken its 50-DMA.
- Today, the stock broke out above the downward sloping trendline connecting the high of August 2021 to September 2021 on the daily chart.
- Further, this stock has formed a bullish flag continuation pattern on the weekly hart as well.
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