Today's Opening - 3007
Today's High - 3043
Today's Low - 2997
Today's Closing - 3005
Lowest closing since 21st Oct, 2014 with low volumes over the past five days.
The 2-day Relative Strength Index has remained below 50% since 6th Nov.
The 12, 26-day Moving Average Convergence Divergence has remained negative since 6th Nov.
The 20-day Commodity Channel Index has remained negative since 6th Nov.
The 10-day Rate Of Change has been negative since 26th Nov.
The closing has been below the 5-day Exponential Moving Average level for the past nine days.
Do not get carried away by today's marginal gain. Having lost 14% over the last one month, the stock might try to consolidate at these levels for the next 1-2 days and then will continue going down with the next support coming only at 2865. Keep accumulating on dips. Unless the stock crosses 3640 decisively, any upward movement will only be followed by a drop.
Today's High - 3043
Today's Low - 2997
Today's Closing - 3005
Lowest closing since 21st Oct, 2014 with low volumes over the past five days.
The 2-day Relative Strength Index has remained below 50% since 6th Nov.
The 12, 26-day Moving Average Convergence Divergence has remained negative since 6th Nov.
The 20-day Commodity Channel Index has remained negative since 6th Nov.
The 10-day Rate Of Change has been negative since 26th Nov.
The closing has been below the 5-day Exponential Moving Average level for the past nine days.
Do not get carried away by today's marginal gain. Having lost 14% over the last one month, the stock might try to consolidate at these levels for the next 1-2 days and then will continue going down with the next support coming only at 2865. Keep accumulating on dips. Unless the stock crosses 3640 decisively, any upward movement will only be followed by a drop.
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