Poly Medicure Faces Trend Reversal Amid Broader Sector Decline in January 2025

Jan 27 2025 11:35 AM IST
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Poly Medicure, a key player in the Medical Equipment sector, saw a decline on January 27, 2025, following two days of gains. Despite reaching an intraday high, the stock closed lower. It remains above its 200-day moving average but below several shorter-term averages, indicating recent volatility in the market.
Poly Medicure, a prominent player in the Medical Equipment/Supplies/Accessories industry, experienced a notable decline of 3.32% on January 27, 2025. This drop comes after a brief period of gains, marking a trend reversal as the stock fell following two consecutive days of positive performance. During the trading session, Poly Medicure reached an intraday high of Rs 2528.3, reflecting a 3.41% increase at its peak, but ultimately closed lower.

In terms of moving averages, Poly Medicure's stock is currently positioned above its 200-day moving average, indicating a longer-term positive trend. However, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting recent volatility. The broader sector also faced challenges, with the Medical Equipment/Supplies/Accessories industry declining by 3.31% on the same
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