Persistent Downtrend in Share Price
Archean Chemical’s shares closed at ₹519.50, down ₹11.7 or 2.2% on 26 November, continuing a losing streak that has spanned ten consecutive trading days. Over this period, the stock has declined by nearly 17.9%, significantly underperforming its sector and broader market indices. The intraday low of ₹514.6 marked a 3.13% drop, with trading volumes concentrated near this lower price point, signalling selling pressure. The stock currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Long-Term Underperformance Against Benchmarks
Examining returns over various time horizons reveals a consistent pattern of underpe...
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