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Relative Strength Alert For Syngenta

by www.forbes.com
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
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Shares opened at Rs 190, a nearly 10 per cent fall from the issue price of Rs 210 per share.
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The Nikkei share average rose 0.2 per cent to 19,716.68 in midmorning trade
Sun Pharma fell over 12% on poor Q4 results as it reported a 13.6% year-on-year drop
Shares of Sun Pharma plunged to a 3-1/2-year low as Q4 profit dropped 14 per cent. Shares of Sun Pharmaceutical Industries Ltd plunged as much as 12.8 per cent to Rs 494.85, to their lowest since A..
The stock listed at Rs 190, a 9.5% discount against its issue price of Rs 210 per share.
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