Calcom Vision Faces Sustained Bearish Trend Amid Significant Market Volatility in October 2023

Calcom Vision, a microcap player in the consumer durables electronics sector, has experienced significant volatility today, nearing its 52-week low. The stock is currently just 0.95% away from this low, which was recorded at Rs 104. Today's performance has seen Calcom Vision underperform its sector by 2.53%, continuing a downward trend that has persisted for the last three days, resulting in a cumulative decline of 6.67%.
During intraday trading, the stock reached a low of Rs 104.6, reflecting a decrease of 2.61%. Analyzing its moving averages, Calcom Vision is trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. Over the past year, the stock has faced a notable decline of 36.22%, contrasting sharply with the Sensex, which has gained 7.04% during the same period. These performance indicators highlight the challenges facing Calcom Vision in the current market landscape.