Charts of the day Market Smith India

Charts of the Day - 29th Nov 2021 | TraderSmith

November 29 2021 | Reading Time: 2 Minutes

  • The stock has formed a big bullish candle on the daily chart, with above average volume, and is trending in the bullish zone.
  • The momentum indicator RSI is trending in the bullish trajectory. Another momentum indicator, MACD, is trending with a positive crossover.
  • It has a buyer demand of A+ and a good EPS Rank of 26. The stock has gained 42% from the pivot level in 34 days.

  • The stock was in a consolidation zone for the past one-and-a-half-month, and it gave a breakout today with above average volume.
  • The stock has formed a big bullish candle, with above average volume on the daily chart, and is bullish.
  • The momentum indicator RSI has risen steeply and moving upside with a positive slope. MACD is also trending with a positive crossover.
  • The number of funds has increased 5.71%; shares held by the fund have increased 3.15% in the last quarter. The stock has gained 31% from its pivot level in 51 days.

  • The stock has formed another bullish candle in a row after a gap-up opening. It has also retaken its 50-DMA on above average volume after 22% of correction.
  • The momentum indicator RSI has reversed its trend after hitting the low at 36 and is currently moving upward with a positive bias.
  • It has a great EPS strength of 91, and the number of funds increased 9.57% in the last quarter.

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