Cipla - 1st Oct

Today's Opening - 283

Today's High - 283

Today's Low - 271

Today's Closing - 272.5

Previous Day's Opening - 281

Previous Day's High - 290

Previous Day's Low - 275

Previous Day's Closing - 280

Lower closing, with volumes much lower than the previous two days.

The 20-day Commodity Channel Index has been above 100 for the past three days.

The 14-day Positive Directional Index has got weaker today while the Negative Directional Index has become marginally stronger.

After three days of closing well above the 5-day Exponential Moving Average, today's closing is quite close to the 5-day EMA.

The 3, 10-day Moving Average Convergence Divergence has remained positive for the past four days.

The 12-day Rate Of Change has remained positive for the past four days.

The closing candle has been above the 13, 16-day Ichimoku Kinko Hyo cloud for the past three days.

The 5-day Moving Average has been above the 20-day Moving Average for the past two days.

The 2-day Relative Strength Index is at 4%.

In my previous post on this stock, I'd mentioned that if the stock can remain above 254, then it can zoom to 277. The stock had actually touched 290 before closing at 272.5 today. Those who had entered the stock at 254 levels would have made good profits. The stock will again zoom to 290.

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