Recent Price Movement and Volatility
Despite opening the day with a positive gap of 3.89%, reaching an intraday high of ₹167, Allied Digital’s shares could not maintain this momentum. The stock experienced significant volatility throughout the trading session, with a wide intraday range of ₹15.8 and an intraday low of ₹151.2, representing a 5.94% decline from the opening price. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, signalling selling pressure as the session progressed.
Technical Indicators and Market Participation
Technically, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typi...
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