Today's Opening - 955
Today's High - 958
Today's Low - 944
Today's Closing - 946
I am writing on this stock after more than eight years.
The stock has remained above 940 levels for the past two days after a gap of two months but the volumes have been low.
The 14-day Positive Directional Index has been stronger than the Negative Directional Index since 6th Oct.
The 12, 26-day Moving Average Convergence Divergence has been strengthening since 13th Sep and has remained positive since 10th Oct.
The 10-day Rate of Change has broadly remained positive since 5th Oct.
The 2-day Relative Strength Index has remained in the oversold zone since 15th March.
Over the past two weeks, the stock has created a support base at 888-890 level and is trying to break the 958 resistance over the past two days. There's heightened interest in the stock due to the upcoming buyback offer. However, the stock has a strong resistance at 930. Stay away from the stock and let the event pass before taking fresh positions.
Today's High - 958
Today's Low - 944
Today's Closing - 946
I am writing on this stock after more than eight years.
The stock has remained above 940 levels for the past two days after a gap of two months but the volumes have been low.
The 14-day Positive Directional Index has been stronger than the Negative Directional Index since 6th Oct.
The 12, 26-day Moving Average Convergence Divergence has been strengthening since 13th Sep and has remained positive since 10th Oct.
The 10-day Rate of Change has broadly remained positive since 5th Oct.
The 2-day Relative Strength Index has remained in the oversold zone since 15th March.
Over the past two weeks, the stock has created a support base at 888-890 level and is trying to break the 958 resistance over the past two days. There's heightened interest in the stock due to the upcoming buyback offer. However, the stock has a strong resistance at 930. Stay away from the stock and let the event pass before taking fresh positions.
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