Allied Digital Services Shows Signs of Trend Reversal Amid Sector Outperformance

Jan 14 2025 11:00 AM IST
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Allied Digital Services, a small-cap IT software company, experienced a notable increase on January 14, 2025, following a period of declines. The stock reached an intraday high, indicating a potential trend reversal, while its performance over the past month contrasts with broader market trends.
Allied Digital Services, a small-cap player in the IT software industry, saw a significant increase of 8.05% on January 14, 2025, outperforming its sector by 7.69%. This uptick follows a three-day streak of declines, suggesting a potential trend reversal. During the trading session, the stock reached an intraday high of Rs 221.2, marking a gain of 7.33%.

In terms of technical indicators, Allied Digital Services is currently positioned above its 200-day moving average but remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has experienced a decline of 13.81%, contrasting with a 6.60% drop in the broader Sensex, which saw a modest rise of 0.50% on the same day.
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