Charts of the day Market Smith India

Charts of the Day - 30th Nov 2021 | TraderSmith

Author: Yathisha Naik

November 30 2021 | Reading Time: 2 Minutes
NRB Bearings

  • On November 17, the stock broke out of a cup-with-handle base and made a high of INR 173.
  • After making highs, the stock had a small correction and took support at its prior breakout level. The stock is considered to be trading in a bullish zone until it holds above INR 146–149.
Metropolis Healthcare

  • On November 15, the stock broke out of a cup base on above average volume.
  • Post breakout, it had a small correction and took support at its 50-DMA. Currently, the stock is trading in pivot range and turning actionable.
  • The slope of momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover. Simultaneously, RS line is trending upward.
  • The stock has a good EPS Rank of 81 and a Buyer Demand of A-. The number of funds holding the stock has increased substantially in the last quarter.

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