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.
What do you think? Please email us any questions or comments.
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