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On the technical chart, the 200-DMA of the stock stands at Rs 229.7, while the 50-DMA is at Rs 222.77. If a stock is trading above the 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades below the 50-DMA and 200-DMA, it is considered a bearish trend and if it trades between these averages, it indicates that the stock can go either way.
The stock is trading above the signal line of the moving average convergence divergence momentum indicator, or MACD, signaling a bullish bias in the counter. MACD is known for signaling trend reversals in a traded stock or index. It is the difference between 26-day and 12-day moving averages. A nine-day moving average, called a signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities.
On the other hand, the Relative Strength Index (RSI) of the stock stands at 52.27. Conventionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30. Return on Equity (RoE) for the stock is at 7.75 percent while Return on Capital Employed (RoCE) is at 6.31. RoCE is a financial ratio that determines the company’s profitability and the efficiency of the use of capital, while RoE is a measure of the business’s profitability in relation to capital.
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