Steel Authority of India Limited - 29th July

Today's Opening - 127.5

Today's High - 127.5

Today's Low - 125.8

Today's Closing - 126.35

Negative closing for the past four sessions, with below average volumes in three out of past four sessions.

The 20-day Commodity Channel Index is now negative.

The 12-day Rate Of Change has been negative for the past 14 sessions.

The 3, 10-day Moving Average Convergence Divergence has been negative for the past two days.

The 2-day Relative Strength Index has been below 2% for the past three days.

The closing has been below the 5-day Exponential Moving Average level for the past four days.

The closing candle continues to be below the 13, 16-day Ichimoku Kinko Hyo cloud since 8th July.

The stock might continue to fall with 114 acting as the next support level. Good time to acumulate for the long-term.

Comments