ITC - 8th Dec

Today's Opening - 311


Today's High - 318


Today's Low - 311


Today's Closing - 315


Very marginal positive closing, with volumes lower than the previous day, yet on the higher side versus the regular trend.


For the past four trading sessions, the stock has been closing lower than the 5-day Exponential Moving Average.


The 2-day Relative Strength Index has remained below 50% for four days in a row.


For the past three days, the Negative Directional Index has been stronger than the Positive Directional Index.


For the past three days, the 20-day Commodity Channel Index has remained below zero.


For the past two days, the 12, 26-day Moving Average Convergence Divergence has turned negaive.


For the last two days, the stock has been taking support at 311.


In case 311 gets taken off, the stock has a strong support at 307. The stock has already taken a severe beating since hitting the peak of 360 five weeks back. Good time to accumulate this stock at every drop.

Comments