Ituran Location's 15min chart sees KDJ Golden Cross, Bullish Marubozu pattern.

Ituran Location's 15-minute chart has recently experienced a significant technical indicator, known as the KDJ Golden Cross, which occurred on August 27, 2023 at 10:30. This event is indicative of a shift in momentum towards an upward trend, suggesting that the stock price may continue to rise in the near future. Furthermore, the appearance of a bullish Marubozu candlestick pattern reinforces this notion, as it signifies strong buying pressure and control within the market. As a result, it is likely that the bullish momentum will persist.

Ituran Location's 15-minute chart has recently exhibited significant bearish trends, as indicated by the KDJ Death Cross and Bearish Marubozu pattern on August 21, 2025, at 12:15 [1]. These technical indicators suggest a shift in momentum towards the downside, with potential for further decreases in value. The KDJ Death Cross, where the K-line crosses below the D-line, signals a bearish trend reversal [1]. The Bearish Marubozu pattern, characterized by a large white candle with no shadows, further reinforces this bearish signal, indicating that sellers are in control [2]. Additionally, the Relative Strength Index (RSI) is in overbought territory, suggesting that the stock price has risen too quickly and is no longer supported by fundamental analysis [3].

This bearish trend is not isolated to Ituran Location. Other stocks such as Delhivery, Metropolis Health, and Usha Martin have also reached overbought levels, with RSI readings ranging from 70 to 90 [4]. Western Digital (WDC), Seagate Technology (STX), and Sezzle (SEZL) have also reached overbought levels, suggesting a potential pause in their momentum [5].

Investors are advised to exercise caution and diligent risk management in the face of these bearish indicators. The market's current state of paralysis, awaiting the quarterly results of ICICI Bank, HDFC Bank, and Reliance Industries, scheduled for release this weekend, may further exacerbate volatility [6].

References:
[1] https://www.ainvest.com/news/ituran-location-15min-chart-shows-kdj-death-cross-bearish-marubozu-2507-51/
[2] https://www.ainvest.com/news/gravity-15min-chart-shows-kdj-death-cross-bearish-marubozu-2507-92/
[3] https://www.ainvest.com/news/brands-15min-chart-shows-overbought-rsi-kdj-death-cross-bearish-marubozu-2507/
[4] https://www.ainvest.com/news/brands-15min-chart-shows-overbought-rsi-kdj-death-cross-bearish-marubozu-2507/
[5] https://brameshtechanalysis.com/2025/07/16/nifty-in-the-eye-of-the-storm-a-market-paralyzed-before-the-weekend-juggernauts/
[6] https://brameshtechanalysis.com/2025/07/16/nifty-in-the-eye-of-the-storm-a-market-paralyzed-before-the-weekend-juggernauts/