MarketsmithIndia Articles

Charts of the Day - 23rd Sept 2021 | SwingTrader India

Author: Yathisha Naik

September 23 2021 | Reading Time: 5 Minutes
LT
 

 
 
  • 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.

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.

Related Article

Loading...