ITC - 1st Oct

Today's Opening - 233

Today's High - 233.5

Today's Low - 230

Today's Closing - 233

Previous Day's Opening - 234

Previous Day's High - 234

Previous Day's Low - 232

Previous Day's Closing - 233

Hare Ram! Another stock with flattish closing, with volumes lower than the previous day.

The 20-day Commodity Channel Index has gone below 100 for the past two days. However, it's still above zero.

Over the past two days, the 14-day Positive Directional Index has got slightly weaker and the Negative Directional Index has gone a bit stronger.

After being above the 5-day Exponential Moving Average for five days, the day-wise curve has now coincided with the the 5-day Exponential Moving Average curve for the past two days.

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

The 12-day Rate Of Change has increased vis-a-vis the previous day.

The closing candle is struggling to rise above the 13, 16-day Ichimoku Kinko Hyo cloud.

The 2-day Relative Strength Index has been below 2% for two days in a row.

Critical for the stock to remain above 230, so that it can try to breach 238 again else it can go straight down to 225.

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