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Shashank Gupta

12th Jul · SEBI-Registered Analyst

IRB

Additional technical metrics align with the cautionary tone set by the Death Cross. The Moving Average Convergence Divergence (MACD) indicator registers bearish signals on both weekly and monthly charts, indicating downward momentum. Bollinger Bands also reflect bearish tendencies over these time frames, suggesting price volatility skewed towards the downside. The daily moving averages further confirm a bearish stance, while the Know Sure Thing (KST) indicator shows mild bearishness weekly and more pronounced bearishness monthly. Contrastingly, the On-Balance Volume (OBV) indicator displays bullishness on a weekly basis but lacks a clear trend monthly, signalling some divergence between price action and volume flows. Dow Theory assessments present a nuanced view, with weekly readings mildly bearish but monthly perspectives mildly bullish, underscoring the complexity of the stock’s current technical landscape.

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