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Charts of the Day - 28th Oct 2021 | TraderSmith

Author: Yathisha Naik

October 28 2021 | Reading Time: 2 Minutes
TVS Motor
 

 
  • The stock is trading in a 23-week- long cup base and on the verge of a breakout. 
 
  • On the weekly chart, the stock broke out from a trendline starting from high of January 2018 to June 2021.  
 
  • Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
 
ABB
 

 
  • Today, the stock broke out of a five-week flat base 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. 
 
  • The stock has a good EPS Rank of 83, and a Buyer Demand Rating of  B+. The number of funds holding the stock also increased substantially in the last quarter. 

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