Charts of the Day - 30th Sept 2021 | SwingTrader India
October 01 2021 | Reading Time: 5 Minutes
Tata Investment
● The stock has been trading in a seven-week flat base pattern. Today, it broke out from a sideways range along its 21-DMA on above average volume.
● The stock has been trading sideways and has made a tight pattern.
● It is trading well above its key moving averages, and today formed a large bullish candle.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Aditya Fash. & Retail (ABFRL)
● Yesterday, the stock broke out from a six-week cup- with-handle pattern and faced strong resistance at 225–234.
● Today, the stock broke above its strong resistance level on above average volume and turned bullish on the higher time- frame charts.
● Relaxation of pandemic-related restrictions and the advent of festive -season shopping are positive factors for this stock.
Angel Broking
● The stock has been trading in a nine-week cup- with-handle pattern and is on the verge of a
breakout.
● It has already had a downward sloping trendline breakout connecting the highs of July 2021 and September 2021 on the daily chart.
● Simultaneously, momentum indicators like RSI, and MACD are on a positive slope.
● The stock has been trading in a seven-week flat base pattern. Today, it broke out from a sideways range along its 21-DMA on above average volume.
● The stock has been trading sideways and has made a tight pattern.
● It is trading well above its key moving averages, and today formed a large bullish candle.
Disclaimer: We have recommended this stock as part of the SWTI portfolio.
Aditya Fash. & Retail (ABFRL)
● Yesterday, the stock broke out from a six-week cup- with-handle pattern and faced strong resistance at 225–234.
● Today, the stock broke above its strong resistance level on above average volume and turned bullish on the higher time- frame charts.
● Relaxation of pandemic-related restrictions and the advent of festive -season shopping are positive factors for this stock.
Angel Broking
● It has already had a downward sloping trendline breakout connecting the highs of July 2021 and September 2021 on the daily chart.
● Simultaneously, momentum indicators like RSI, and MACD are on a positive slope.
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