Recent Price Movement and Market Context
Archean Chemical’s stock outperformed its sector by 7.69% on the day, marking a notable rebound after two consecutive days of gains that cumulatively delivered a 7.39% return. The stock reached an intraday high of ₹572.2, representing an 11.88% increase from its previous close, and traded within a wide range of ₹64.9. This heightened volatility, with an intraday fluctuation of 6.06%, indicates active trading and investor interest despite a decline in delivery volume by 44.34% compared to the five-day average.
Technically, the stock price currently sits above its 5-day, 20-day, and 50-day moving averages, signalling short-term bullish momentum. However, it remains below the 100-day and 200-day averages, suggesting that longer-ter...
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