Today's Opening - 1,215
Today's High - 1,217
Today's Low - 1,175
Today's Closing - 1,179
Lowest closing since 6th March, 2014 with low volumes over the past two months.
The 2-day Relative Strength Index has continued to be below 50% since 21st Oct.
The 12, 26-day Moving Average Convergence Divergence has remained negative since 23rd Oct.
The 20-day Commodity Channel Index has remained negative since 3rd Dec.
The 10-day Rate Of Change has been negative for the past eight sessions.
The closing has been below the 5-day Exponential Moving Average level for the past five days.
Having dropped by 11% over the past one month, the stock might take a breath at the current level over the next 3-4 days before resuming the downward journey. As I'd mentioned on 16th Dec, this stock will soon reach 955-960. Do not get carried away by any gains over the next 3-4 days. Keep accumulating on dips.
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