Technical Momentum Shifts Amid Mixed Indicators
Technical Momentum and Price Movement
The stock closed at ₹365.00, down from the previous close of ₹370.30, marking a day change of -1.43%. The intraday price ranged between ₹365.00 and ₹372.00, indicating a relatively narrow trading band. Over the past 52 weeks, EIH . has traded between ₹293.45 and ₹435.00, reflecting significant volatility within the Hotels & Resorts sector.
Examining the price momentum, the weekly trend has shifted from mildly bearish to sideways, suggesting a pause in the downward pressure that had been evident in recent weeks. This sideways movement often signals indecision among investors, with neither buyers nor sellers dominating the market.
MACD and RSI Signals
The Moving Average Convergence Divergence…
