Charts of the Day - 29th Sept 2021 | SwingTrader India
September 29 2021 | Reading Time: 5 Minutes
IEX
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Sunpharma
Ajanta Pharma
Irb Infr.Developers
- The stock has been trading sideways and made a tight pattern.
- It has also broken out from a “bullish flag” pattern and bounced off its 21-DMA on above average volume today.
- The stock is trading well above all its key moving averages and has formed a large bullish candle today.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Sunpharma
- Today, the stock broke out from an eight-week flat base pattern and has simultaneously bounced off its 50-DMA on above average volume.
- The 50-DMA has been crucial support for this stock, which has traded in a tight pattern for almost eight weeks.
- This stock is trending in a bullish trend on multi-timeframe charts as its price has been trading above all key moving averages.
Ajanta Pharma
- The stock has been trading in a nine-week flat base pattern. Today, the stock reclaimed its 50-DMA on above average volume.
- It also broke out above the downward sloping trendline connecting the highs of July and September on the daily chart.
- It has been under minor consolidation of around 9%, and it bounced strongly today.
Irb Infr.Developers
- The stock broke out from a ten-week cup-with-handle pattern on above average volume.
- Today, the stock broke out above the downward sloping trendline connecting the high of July and September on the daily chart.
- Likewise, its RS line also had a breakout above the trendline connecting the highs of March and August.
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