L&T Infotech announces acquisition of Syncordis for 15 million Euros

Modesto Morganelli
Novembre 15, 2017

Luxembourg-based consultants Syncordis will be taken over by Mumbai's Larsen & Toubro Infotech (LTI), a company with operations in 27 countries. The RSI value will always move between 0 and 100. The CCI was created to typically stay within the reading of -100 to +100. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions.

Larsen & Toubro Infotech Limited (LTI.NS) presently has a 14-day Commodity Channel Index (CCI) of 96.44. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Checking on another technical indicator, the 14-day RSI is now sitting at 75.58.

The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The Money Flow Index creates a ratio of Positive Money Flow and Negative Money Flow over time and scales it to a number between 0 and 100. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. The indicator is computed by using the average losses and gains of a stock over a certain time period. After a recent check, the 50-day Moving Average is 797.49, the 200-day Moving Average is 748.11, and the 7-day is noted at 858.13. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. The 14-day ADX for Larsen & Toubro Infotech Limited (LTI.NS) is standing at 33.89. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Investors may have to make a decision whether to ease-up or stay aggressive. Investors may also be closely watching winners and losers, especially in the technology sector.

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