Exlservice Holdings: MACD Death Cross, Bollinger Bands Expand Downward on 15-Minute Chart

As per the 15-minute chart for Exlservice Holdings, a notable trend has emerged. Specifically, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, indicating a potential downtrend. Furthermore, the Bollinger Bands have expanded downward, suggesting increased volatility and a higher likelihood of a sustained decline in the stock price. This suggests that market forces are currently being driven by selling pressure, which could lead to further downward movement in the stock price.