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This scrip is looking the weakest among all the pivotals. It has registered successive lower peaks and troughs since the high of Rs 1,250 made on August 17. The price is currently below both the 50- and 200-day EMAs. The 10-day ROC is in negative zone while the 14-day RSI is at 59.88.

This stock is on the brink of going into a medium-term decline. We need the price to turn up from current levels and to go above Rs 1,176 to make the short-term trend neutral again. Hold this stock with a tight stop at Rs 1,110.

Lokeshwarri S. K.

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