Stock witnessing selling pressure from 50 days moving average and it is currently trading below 20 days moving average in bollinger band as shown in above images this indicates bears will be favored.
On down side stock will find strong trend line support at its previous bottom, once Bank of India closes and holds below its support zone then further weakness can be seen in coming days. Visit our site for more Indian stock market tips.
Stock major trend indicator is moving in negative zone this indicates further weakness can be seen in coming days.
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