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Relativestrength

GLAND offers good R:R positionallyChart Structure: - In consolidation after Darvas Breakout. - Stock in continuous uptrend. - Price has retraced almost 33% of its up move. Relative Strength: - RS is strong and in uptrend. - No Flip-Flop stock. Volume Activity: - Good Delivery volume in past few days - 20 MFs Increased & 10 MFs decreased their positions in June. Financial Performance: - Company posted good Q1 results. - QoQ Sales increased by 29.98% - QoQ Profits increased by 34.64%
NSE:GLANDLong
by AmanSaraf
NIFTYIT/NIFTY at the Top of RectangleNIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum. RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well above 50 and in bullish zone. Based on this ratio chart, we can expect NIFTY IT to outshine the NIFTY index in the coming weeks if a breakout happens successfully. We will be monitoring the price action and keep this segment updated as and when we see a successful breakout or a fake out/breakdown.
NSE:CNXIT
by vipulmehta817