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Charts of the Day - 7th Oct 2021 | SwingTrader India

October 07 2021 | Reading Time: 5 Minutes
SOBHA
 

 
● The stock has formed four consecutive bullish candles on the monthly chart, and it is trending in a secular bullish trend with no signs of weakness.
 
● It is trending above its key moving averages on multi-time-frame charts with positive bias after forminga a double- bottom price structure on the daily chart.
 
● Today, it  gapped up and formed a big bullish candle on the daily chart after a month of consolidation and turned the sentiment positive in this counter.
 
CHAMBLFERT
 

 
● It has formed a big bullish candle and gained around 9.9% on the intraday chart.
 
● The momentum indicator RSI has entered the bullish zone and is at 71 on the daily chart.
 
● Another momentum indicator, MACD, has already given a positive cross over on September 24, 2021.
 
● It is trending above its key moving averages on a multi- time frame charts.
 
TITAN
 

 
● The stock broke out on August 3, 2021, after a month of flat base formation. It also came to retest its 50- DMA during this upward journey of 32% from the pivot level. After bouncing back from its 50- DMA, it keeps on trending higher and higher.
 
● Today, it gapped up and remained in the bullish territory throughout the day and gained around 10% intraday, with above average volume.
 
● It is trending above its key moving averages on multi-time-frame charts with no sign of weakness.
 
TATAMOTORS
 

 
● The stock broke out today from a cup formation after 11 weeks of consolidation on the daily chart.
 
● Today, it gapped up and remained in the bullish territory throughout the day and gained around 12% intraday, on above average volume.
 
● The momentum indicators, RSI and MACD, are trending higher on all time frame charts with no sign of weakness so far.

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