Technical Momentum Shifts Signal Market Interest
Technical Momentum Overview
The technical trend for CWD has shifted from mildly bullish to bullish, signalling a strengthening in price momentum. This shift is supported by the Moving Average Convergence Divergence (MACD) indicator, which remains bullish on both weekly and monthly charts. The MACD’s positive stance typically indicates that the stock’s short-term momentum is outpacing its longer-term trend, a factor that often precedes upward price movement.
Complementing this, the daily moving averages for CWD also reflect a bullish posture, reinforcing the notion that recent price action is gaining traction. The stock’s current price stands at ₹1,940.05, having opened and traded within a narrow range on the day, with the previous…
