Charts of the Day - 27th Oct 2021 | TraderSmith
October 27 2021 | Reading Time: 2 Minutes
Jindal Stainless
● The stock broke out from a small upward sloping wedge pattern on above average volume.
● Simultaneously, the slope of momentum indicators, RSI, on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
● The stock has an excellent Buyer Demand Rating of A+ and an RS Rating of 86. The number of funds holding the stock has also increased substantially in the last quarter.
Jammu & Kashmir Bank
● Today, the stock broke out from an 18-week cup- with a -handle pattern on above average volume.
● The stock is trading in an upward channel on the weekly chart, with momentum indicators like RSI and MACD trending upward.
● The stock has an excellent Buyer Demand Rating of A and an RS Rating of 71. The number of funds holding the stock has also increased substantially in the last quarter.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
Sbi Cards And Payment Services
● The stock has been trading in a seven-week cup- with- a handle pattern and is on the verge of a breakout.
● The stock is facing strong resistance in the zone of INR 1,140- –1,160 and an attempting to break out.
● The momentum indicator showing the a sign of improvement, along with MACD, turned slightly positive today.
● Q2 FY22 earnings are due on October 28.
● The stock broke out from a small upward sloping wedge pattern on above average volume.
● Simultaneously, the slope of momentum indicators, RSI, on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
● The stock has an excellent Buyer Demand Rating of A+ and an RS Rating of 86. The number of funds holding the stock has also increased substantially in the last quarter.
Jammu & Kashmir Bank
● Today, the stock broke out from an 18-week cup- with a -handle pattern on above average volume.
● The stock is trading in an upward channel on the weekly chart, with momentum indicators like RSI and MACD trending upward.
● The stock has an excellent Buyer Demand Rating of A and an RS Rating of 71. The number of funds holding the stock has also increased substantially in the last quarter.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
Sbi Cards And Payment Services
● The stock has been trading in a seven-week cup- with- a handle pattern and is on the verge of a breakout.
● The stock is facing strong resistance in the zone of INR 1,140- –1,160 and an attempting to break out.
● The momentum indicator showing the a sign of improvement, along with MACD, turned slightly positive today.
● Q2 FY22 earnings are due on October 28.
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