The stock closed at ₹817.50, slightly below its previous close of ₹822.00, with a day’s trading range between ₹817.50 and ₹829.80. The 52-week price band ranges from ₹660.10 to ₹829.80, indicating that the current price is near its annual high. Despite a minor day change of -0.55%, the technical trend adjustment suggests emerging positive momentum.
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Examining the technical indicators, the weekly MACD and monthly MACD data remain unspecified, but the overall technical trend has shifted positively. The weekly RSI continues to signal bearishness, suggesting some short-term caution, while monthly RSI data is not provided. Daily moving averages have undergone a parameter change, contributing to the mild bullish momentum. The Dow Theory readings are bullish on a weekly basis, reinforcing the emerging positive trend.
Additional indicators such as the On-Balance Volume (OBV) show a mildly bullish stance weekly, indicating that volume trends may be supporting the price movement. Bollinger Bands and KST (Know Sure Thing) indicators for weekly and monthly periods are not detailed, but the overall technical summary points to a cautious but improving outlook.
From a market performance perspective, Pashupati Cotspin’s one-month return stands at 10.45%, significantly outpacing the Sensex’s 0.86% return over the same period. The one-week return is modest at 0.12%, compared to the Sensex’s 0.96%. Year-to-date and longer-term returns for the stock are not available, while the Sensex shows steady gains of 8.36% YTD and 9.48% over one year. Over three, five, and ten years, the Sensex has delivered returns of 37.31%, 91.65%, and 232.28% respectively, providing a benchmark for broader market performance.
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In summary, Pashupati Cotspin’s technical parameters reflect a subtle but meaningful shift in momentum. The mixed signals from RSI and MACD, combined with bullish Dow Theory and OBV readings, suggest that investors should monitor the stock closely for further developments. The stock’s proximity to its 52-week high and its outperformance relative to the Sensex over the past month add context to this technical adjustment. Market participants may find value in analysing these technical signals alongside fundamental factors to gauge the stock’s near-term trajectory within the Garments & Apparels sector.
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