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Charts of the Day - 30th Sept 2021 | SwingTrader India

Author: Yathisha Naik

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.

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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

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