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Charts of the Day - 26th Oct 2021 | TraderSmith

Author: Yathisha Naik

October 26 2021 | Reading Time: 5 minutes
Tatva Chintan Pharma Chem
 
 

 
  • Today, the stock broke out above a 13-week -long IPO base [consolidation] pattern on above average volume.
 
  • Likewise, its RS line also broke out above a trendline connecting its November high to the June high.
 
  • 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 fair  EPS Rank of 66, and a great buyer demand rating of A.
 
Rolex Rings
 

 
  • The stock has been trading in an 11-week IPO base pattern. Today, it has  closed above INR 1,152 levels .
 
  • Simultaneously, the slope of the momentum indicator RSI is trending upward with MACD trending positive.
 
IDFC
 
 

 
  • The stock has been trading in a 13-week- long cup -with -handle pattern and sideways in the range of INR 41-61.
 
  • Today, it had a small downward sloping channel breakout on above average volume.
 
  • Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
 
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.

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