Today's Opening - 1400
Today's High - 1420
Today's Low - 1375
Today's Closing - 1404
Previous Day's Opening - 1399
Previous Day's High - 1430
Previous Day's Low - 1395
Previous Day's Closing - 1408
Yet another stock with Flattish closing, with volumes much lower than the previous day.
The 20-day Commodity Channel Index has remained above 100 for the past four days.
The 14-day Positive Directional Index has been stronger than the Negative Directional Index for five days in a row now.
The closing has been above the 5-day Exponential Moving Average for the past five days.
The 3, 10-day Moving Average Convergence Divergence has remained positive for the past five days.
The closing candle has remained above the 13, 16-day Ichimoku Kinko Hyo cloud for the past five days.
The 2-day Relative Strength Index is at 80%.
Thus, beginning on 24th Sep, the stock has been trying to break the bearish cycle. The strong upsides on 25th Sep and 29th Sep accompanied with heavy volumes confirmed that the bearish cycle for the stock has been decisively broken. After the consolidation observed today, 1434 is the next target for the stock.
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