Technical Momentum Shifts Amid Mixed Market Signals
Current Price and Trading Range
As of the latest trading session, ITI’s stock price stands at ₹305.20, marking a modest change from the previous close of ₹301.70. The intraday range saw a low of ₹301.90 and a high of ₹317.45, indicating some volatility within the session. Despite this, the stock remains significantly below its 52-week high of ₹592.85, while comfortably above the 52-week low of ₹233.20, suggesting a broad trading band over the past year.
Technical Indicator Overview
Analysis of ITI’s technical indicators presents a nuanced picture. The Moving Average Convergence Divergence (MACD) on both weekly and monthly charts signals a mildly bearish stance, hinting at subdued upward momentum. Meanwhile, the Relative…
