Charts of the Day - 25th Oct 2021 | SwingTrader India
October 25 2021 | Reading Time: 5 Minutes
ICICI Bank
City Union Bank
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
AXIS Bank
- On October 23, 2021, the bank reported Q2 FY22 earnings results, posting a strong set of numbers along with improved asset quality and a healthy rate of loan and deposit growth.
- Today, the stock opened with a breakaway gap up, from an upward sloping parallel channel (marked in chart).
- Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
- The stock has a great buyer demand rating of B. The number of funds holding the stock has also increased substantially in the last quarter.
City Union Bank
- After breaking out from the downward sloping trendline connecting the highs of November 2020 and June 2021, the stock has been trading sideways.
- The stock took support at its breakout trendline along its 200-DMA and bounced from there.
- Likewise, its RS line also broke out above a trendline connecting its November high to the June high.
- The stock has a fair EPS Rank of 64, and a great buyer demand rating of A +.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
AXIS Bank
- Today, the stock broke out from its the strong resistance zone of INR 800-–820 .
- It has a fair EPS Rank of 68, and good buyer demand rating of B. The number of funds holding the stock has also increased substantially in the last quarter.
- Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
- Q2 FY22 earnings are due on October 26, 2021.
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