Maruti Suzuki - 5th Jan

Today's Opening - 1564
Today's High - 1568
Today's Low - 1510
Today's Closing - 1516
Previous Day's Opening - 1565
Previous Day's High - 1587
Previous Day's Low - 1546
Previous Day's Closing - 1551
Lower closing, with high volumes.
The 20-day Commodity Channel Index has gone below 100 today.
Today's closing of the stock is well below its 5-day Exponential Moving Average level of 1540.
The 2-day Relative Strength Index has been below 2% for the past two days.
The 3, 10-day Moving Average Convergence Divergence has been negative for the past two days.
The 12-day Rate Of Change has been negative since 17th December.
The 14-day Positive Directional Index has been the weakest since 22nd Dec while the Negative Directional Index has been the strongest since 30th Nov.
The closing candle has been below the 13, 16-day Ichimoku Kinko Hyo cloud since 16th Dec.
After running up sharply from 1425 to 1692 in just 15 days in the second half of Nov, the stock had corrected decently in the first half of Dec. However, since 16th Dec, the stock was just stuck in a trading range of 1591 to 1515. Today's closing with high volumes has finally confirmed the stock having entered a bearish phase. The stock can now go below 1460 in the coming week.
Buy...Buy...Don't keep waiting for the stock to go below 1460.

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