India's Rategain hits 9-mth high as 2023 rally continues

RateGain Travel Technologies

19/01/2023 09:55

** Rategain Travel Technologies Ltd's shares  RATE.NS  gain
as much as 3% to 377.85 rupees, highest since April 22, 2022
    ** The Indian travel and hospitality technology provider's
shares are set for a fourth consecutive session of gains
    ** Stock fell ~23% last year, but has already surged ~31.5%
so far this year, helped by bullish ratings and new deals
    ** RATE's relative strength index (RSI) above 70, suggesting
it is overbought
    ** Share price is above 50-day, 100-day and 200-day
exponential moving average, suggesting bullish trend
    ** RATE's moving average convergence and divergence (MACD)
line has been above signal line since Jan 3, suggesting bullish
bias
    ** Over 414,000 shares change hands by 03:12 p.m. IST, 0.9x
the 30-day moving avg
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))