Today's Opening - 2340
Today's High - 2347
Today's Low - 2321
Today's Closing - 2328
Lowest closing since 26th June, 2014.
The 20-day Commodity Channel Index has been negative since 13th Oct.
The 10-day Rate Of Change turned negative today.
The 12, 26-day Moving Average Convergence Divergence has been negative since 15th Oct.
The 2-day Relative Strength Index has been above 30% since 20th Nov.
Today's closing has been below the 5-day Exponential Moving Average.
The stock has taken severe beating over the past eight weeks, dropping by almost 14%. With the intermediate support level of 2350 gone, the stock looks very weak and can go down significantly with 2035 acting as the next support level. Any upward move till the resistance level of 2545 should be seen as a good selling opportunity.
Today's High - 2347
Today's Low - 2321
Today's Closing - 2328
Lowest closing since 26th June, 2014.
The 20-day Commodity Channel Index has been negative since 13th Oct.
The 10-day Rate Of Change turned negative today.
The 12, 26-day Moving Average Convergence Divergence has been negative since 15th Oct.
The 2-day Relative Strength Index has been above 30% since 20th Nov.
Today's closing has been below the 5-day Exponential Moving Average.
The stock has taken severe beating over the past eight weeks, dropping by almost 14%. With the intermediate support level of 2350 gone, the stock looks very weak and can go down significantly with 2035 acting as the next support level. Any upward move till the resistance level of 2545 should be seen as a good selling opportunity.
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