Arvind Mills - Break Neck Speed!!

Arvind Mills is gaining steam on the downside at some really break neck speed. While I dont seem to have any sound information for the downside, what is really surprising is the speed of this movement.

• MACD on a 'sell' but the volumes at which it is falling has slowed down a little creating a small up movement in the bars of the MACD chart.
• RSI is on a 'buy' as it is largely in an oversold market.
• Accumulation Distribution chart has given no change to indicate of a possible reversal.

Given the above conditions, the silver lining for people who are holding this stock would be that the stock is reaching its fibonacci support levels, which is on a historic basis. A possible greater downside would be if it breaks 52. If there is a reversal at this level, fresh bargain hunting can be made.