Technical Momentum Shifts Amid Mixed Indicators
Technical Trend Overview
ITI’s price momentum has undergone a subtle change, moving away from a neutral sideways pattern towards a mildly bearish trend. This shift is evident across multiple timeframes, with weekly and monthly technical indicators signalling cautious sentiment. The stock’s current price stands at ₹301.40, slightly below the previous close of ₹304.50, within a daily range of ₹300.50 to ₹311.95. The 52-week price spectrum ranges from ₹233.20 to ₹592.85, highlighting significant volatility over the past year.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator, a widely followed momentum oscillator, shows a mildly bearish signal on both weekly and monthly charts. This…
