The Stock Has Been Struggling Around The Resistance Zone Of Multiple Moving

The stock has been struggling around the resistance zone of multiple moving averages with moderate volumes on the daily charts.

The daily Relative strength index is showing downward momentum and MACD is trading below the signal line below zero level, which indicates a bearish trend.

A trader can sell the stock after some technical bounce back around Rs 288-290 with a stop loss above Rs 299 for a target of Rs 273.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory