Larsen & Toubro - 30th Sep

Today's Opening - 1371

Today's High - 1398

Today's Low - 1351

Today's Closing - 1358

Lowest closing since 13th July, 2009.

The 20-day Commodity Channel Index has been negative for eight of the immediate past sessions.

The 12-day Rate Of Change has been negative for the past 10 sessions.

The 3, 10-day Moving Average Convergence Divergence has been negative for the past 14 days.

The 2-day Relative Strength Index has been below 50% for the past 15 days.

The closing has been below the 5-day Exponential Moving Average level for the past 15 days.

The closing candle continues to be below the 13, 16-day Ichimoku Kinko Hyo cloud since 12th Sep.

The stock might continue to fall with 1305 as the next support level post which the stock can drop to 1220. Keep accumulating on dips.

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