Tatva Chintan Pharma Chem
● Today, the stock broke out from the IPO base pattern on closing,
based on higher volume.
● Simultaneously, the slope of momentum indicators like RSI on multi-
timeframe charts was trending upward, along with positive MACD.
● The stock has a strong Group Rank of 23 as it belongs to a strong
industry group of Chemicals-Basic and has good buyer demand of B+.
Disclaimer: Today, we have already recommended this stock as part of the SWTI
portfolio and booked partial profit.
MRF
● The stock has formed a double -bottom- like price structure. Today it
has broken out above the eight- month -old downward
sloping trendline connecting its February and September highs.
● Likewise, the RS line also broke out above a trendline connecting
its February high to the September high.
● Further, the stock has been trading in a tight pattern for the last 4 four
weeks.
● Today, the stock formed a large bullish candle and has retaken all its key
moving averages.
Mtar Technologies
● Today, the stock broke out from a 12-week cup- with- a handle
base on above average volume and closed at an all- time high.
● It was facing resistance at INR 1,470-–1,480 levels and
has been trading in this zone for the last five days.
● Simultaneously, the slope of momentum indicators like RSI on multi-
timeframe charts has now turned upward with a positive crossover, along
with positive MACD.
Bank of Baroda
● Today, the stock broke out from a 10-week double-bottom price formation
on above average volume.
● It also broke out above the eight- month -old trendline connecting its
February and September highs (first breakout). Likewise, the RS line
has had a breakout above a trendline connecting the February high to
the September 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.
Disclaimer: Today, we have already recommended this stock as part of the SWTI
portfolio.
What do you think? Please email us any questions or comments.
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.