Recent Price Movement and Technical Indicators
Active Clothing’s share price has been under pressure in the immediate term, having fallen by 7.94% over the last four trading sessions. On 03-Dec, the stock touched an intraday low of ₹107.20, representing a 2.59% drop from the previous close. The weighted average price for the day indicates that a larger volume of shares exchanged hands closer to this lower price point, suggesting selling pressure among investors.
From a technical standpoint, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread technical weakness often signals a bearish sentiment among traders and can discourage short-term buying interest. Such a position typically reflect...
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