After a recent phase of upward movement, the counter once again witnessed selling in the cash segment in Friday’s session. The short-term indicators have moved further south in equilibrium territory. The scrip is likely to stay under pressure for some more days before witnessing any short-covering bounce.
After a phase of upward movement bounce, the counter once again witnessed selling in the cash segment. The short-term indicators, which made an attempt to move upward, once again turn southward. The scrip is likely to shed some more weight before witnessing any sort of consolidation move.
The counter continued to witness selling in cash the segment. The short-term indicators have further slipped into oversold territory though they are not showing any signs of change in the current trend of underperformance. The scrip is likely to stay under pressure before witnessing any short- covering bounce.
The counter saw selling in cash market as well as derivative segment. The indicators are now placed in the equilibrium territory in sell mode. The technical charts indicate that the scrip is likely to shed more weight before entering a phase of range-bound movement. It will underperform the broader market indices.