Index
Charts of the Day - 6th Oct 2021 | SwingTrader India
October 06 2021 | Reading Time: 5 Minutes
Bosch
● The stock broke out from a 35-week consolidation on above average volume.
● It also broke out above the eight- month old trendline connecting the February high and June high. Likewise, RS line also had a breakout above aa trendline connecting the February high to the June high.
● The stock is currently trading above its key moving averages, i.e., 21-, 50-, and 200-DMA., Today, it formed a large bullish candle on the daily chart.
● Simultaneously, the slope of momentum indicators like RSI on multi-timeframe charts has now turned upward with a positive crossover, along with positive MACD.
Radico Khaitan
● The stock was trading in a rectangular price range from the last seven weeks. Today, its formed a bullish candle after taking support at its 50-DMA and closed at an all-time 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.
● Currently, the stock is trading above its key moving averages, i.e., 21-, 50-, and 200-DMA., Today, it formed a large bullish candle on the daily chart.
● The stock has a strong fundamentals, great buyer demand, and Group Rank below 40, which is considered good. Further, the number of funds holding the stock has also increased substantially in the last quarter.
BEML
● The stock broke out from a 26-week cup- with- a handle base on a closing basis on above average volume.
● Likewise, RS line also had a breakout above a trendline connecting the February high to the August high.
● Also, the stock has retested its earlier breakout level with improved RSI and MACD.
● The stock has a Good good EPS Rank of 82 and the number of funds holding the stock has also increased substantially in the last quarter.
HDFC Bank
● The stock broke out from a 31-week cup- with a- handle base on above average volume. Further, it has formed a tight pattern on the weekly chart.
● Likewise, the RS line also had a breakout above a trendline connecting the February high to the August 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.
● Currently, the stock is facing strong resistance in the range of INR 1,620–-1,640. , The stock may move further upside if it sustains trading above this level.
● The stock broke out from a 35-week consolidation on above average volume.
● It also broke out above the eight- month old trendline connecting the February high and June high. Likewise, RS line also had a breakout above aa trendline connecting the February high to the June high.
● The stock is currently trading above its key moving averages, i.e., 21-, 50-, and 200-DMA., Today, it formed a large bullish candle on the daily chart.
● Simultaneously, the slope of momentum indicators like RSI on multi-timeframe charts has now turned upward with a positive crossover, along with positive MACD.
Radico Khaitan
● The stock was trading in a rectangular price range from the last seven weeks. Today, its formed a bullish candle after taking support at its 50-DMA and closed at an all-time 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.
● Currently, the stock is trading above its key moving averages, i.e., 21-, 50-, and 200-DMA., Today, it formed a large bullish candle on the daily chart.
● The stock has a strong fundamentals, great buyer demand, and Group Rank below 40, which is considered good. Further, the number of funds holding the stock has also increased substantially in the last quarter.
BEML
● The stock broke out from a 26-week cup- with- a handle base on a closing basis on above average volume.
● Likewise, RS line also had a breakout above a trendline connecting the February high to the August high.
● Also, the stock has retested its earlier breakout level with improved RSI and MACD.
● The stock has a Good good EPS Rank of 82 and the number of funds holding the stock has also increased substantially in the last quarter.
HDFC Bank
● The stock broke out from a 31-week cup- with a- handle base on above average volume. Further, it has formed a tight pattern on the weekly chart.
● Likewise, the RS line also had a breakout above a trendline connecting the February high to the August 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.
● Currently, the stock is facing strong resistance in the range of INR 1,620–-1,640. , The stock may move further upside if it sustains trading above this level.
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