Charts of the Day - 24th Nov 2021 | TraderSmith
November 24 2021 | Reading Time: 5 Minutes
ICICI Bank
Carborundum Universal
Zee Entertainment
- After touching an all-time high of INR 867, the stock corrected about 12% and took support near its 50-DMA.
- Simultaneously, it took support at the prior breakout level. The stock is still trading in a bullish zone until it holds above INR 730.
- The stock is in a bullish trend at higher timeframe chart and may take support near its 50-DMA.
Carborundum Universal
- Today, the stock broke out from a nine-week-long flat base on above average volume.
- Simultaneously, the RS line is trending upward.
- The slope of momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
- The stock has a good EPS Rank of 88 and a Buyer Demand of A-. The number of funds holding the stock has increased substantially in the last quarter.
Zee Entertainment
- The stock is currently trading in an eight-week long consolidation base.
- Today, the stock broke out from a trendline, connecting the close of September 22 to November 16 on a closing basis on above average volume.
- The slope of momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
- The stock has a good EPS Rank of 73, Price Strength of 74, and a Buyer Demand of B+.
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