Today's Opening - 2,894
Today's High - 2,894
Today's Low - 2,750
Today's Closing - 2,757
Lowest closing since 13th Aug, 2014 with low volumes for more than a month now.
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 7th Jan.
The 10-day Rate Of Change has been negative since 7th Jan.
The closing has been below the 5-day Exponential Moving Average level since 5th Jan.
In my 16th Dec post, I'd mentioned about 2,865 acting as a support for this stock. The stock has decisively broken this level over the past 6-7 sessions. Having lost 34% over the past three months, the stock might try to spend 1-2 days at the current level before resuming the downward jouney. The next support for the stock is coming only at 2,240. Therefore, look forward to more bloddshed over the next one week. Keep buying on dips.
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