Charts of the Day - 29th Oct 2021 | TraderSmith
October 29 2021 | Reading Time: 3 Minutes
The Ramco Cements
Ultratech Cement
Tv Today Network
- The stock has been trading in a 14-week- long consolidation, well above all key moving averages.
- Today, it has had a small trendline breakout, starting from July 2021 to September 2021, and simultaneously bounced off its 200-DMA.
- Likewise, RS line also broke out above a trendline connecting its July high to the September 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.
Ultratech Cement
- The stock has been trading in a seven-week -long flat base, well above all key moving averages.
- Today, it has had a small downward sloping channel breakout, starting from September 2021 to October 2021, and simultaneously bounced off its 100-DMA.
- Likewise, its RS line also broke out above a trendline connecting its July high to the September 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.
Tv Today Network
- The stock has been trading sideways for the last four months.
- Today, it has had a small downward sloping trendline breakout, starting from May 2021 to September 2021, with above average volume.
- Likewise, RS line also broke out above a trendline connecting its July high to the September 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.
- Today, the company declared Q2 FY22 earnings results, with net profit growing 70% y/y and revenue growing 30% y/y.
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