Today's Opening - 1459
Today's High - 1464
Today's Low - 1421
Today's Closing - 1433
Previous Day's Opening - 1468
Previous Day's High - 1485
Previous Day's Low - 1450
Previous Day's Closing - 1453
Negative closing for the past six sessions, with good volumes.
The 20-day Commodity Channel Index has been negative since 5th Jan.
The closing has been below the 5-day Exponential Moving Average level since 4th Jan.
The 2-day Relative Strength Index has been below 2% for the past five days.
The 3, 10-day Moving Average Convergence Divergence has been negative sice 4th Jan.
The 12-day Rate Of Change continues to be negative since 17th December.
The closing candle continues to be below the 13, 16-day Ichimoku Kinko Hyo cloud since 16th Dec.
The 14-day Positive Directional Index has been the weakest in more than the past one month period while the Negative Directional Index too has been the strongest in more than the past one month period.
As mentioned in my previous post on this stock, it had gone below 1460 over the past two days. Might see some pullback in first half of the next week and then the stock might return to its downward journey. The 5-day EMA level of 1472 will be a major resistance for the stock now and the next support for the stock is at 1390. Keep buying on dips.
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