ONGC - 21st Jan

Today's Opening - 214
Today's High - 215
Today's Low - 206
Today's Closing - 207
Today's intra-day low of 206 is the lowest level last seen on 27th March 2009. The volumes have been above average over the past two days.
The 20-day Commodity Channel Index has been negative since 7th Jan.
The 14-day Positive Directional Index has not been able to break above the Negative Directional Index since 7th Jan.
The 2-day Relative Strength Index value has been below 50% since 7th Jan.
The 12, 26-day Moving Average Convergence Divergence has been negative since 12th Jan.
The 10-day Rate of Change has been negative since 12th Jan.
The stock has lost 13% over the last weeks and having broken the crucial level of 211 yesterday with decent volumes over the past two days, the stock is now in a free-fall mode and is likely to go down upto 146 over the next 10-12 weeks. The stock might take a breather next week, before resuming the downward journey. Don't get carried away by any marginal upward movements, keep buying on dips.

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