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The struggle to rally past Rs 880 continued last week too, the stock finally succumbed to selling pressure on Friday. The oscillators in the daily and weekly chart are signalling a sell.

The 10-day ROC has slipped in to the negative zone.

That signals the onset of a medium term correction.

But we will wait for the support at Rs 830 to be breached convincingly before ascertaining that the price is heading towards the support band between Rs 790 and Rs 800, where the 50- and 200-day moving averages are positioned.

Lokeshwarri S. K.

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