Today's Opening - 270
Today's High - 270
Today's Low - 263
Today's Closing - 266
Previous Day's Opening - 262
Previous Day's High - 266
Previous Day's Low - 260
Previous Day's Closing - 264
The stock has had a flattish closing, with volumes lower than the previous day.
However, there've been significant movements in few of the technical indicators.
The closing candle is still below the 13-day, 16-day Ichimoku Kinko Hyo cloud.
The 3, 10-day Moving Average Convergence Divergence has pulled back to -1.6, the best since 11th Dec, post which the stock had gone into a serious correction mode.
The 20-day Commodity Channel Index has risen above -100 for the first time since 11th Dec.
The 14-day Positive Directional Index is the strongest since 8th Dec and the Negative Directional Index is the weakest since 9th Dec. However, the Negative Directional Index is still stronger than the Positive Directional Index.
For the past two days, the closing has been above the 5-day Exponential Moving Average.
The 2-day Relative Strength Index is above 98%.
If the stock can remain above the 5-day EMA level of 264.5, then the trend reversal will be confirmed and we can see the stock trying to break the 278 resistance level.
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