Recent Price Movement and Market Context
On 08-Dec, Arvind Fashions experienced a sharp intraday low of ₹465.90, marking a 4.73% decrease from previous levels. The stock has been on a downward trajectory for two consecutive days, accumulating a loss of 5.14% over this short period. This decline is more pronounced than the retail sector’s fall of 2.09% on the same day, indicating that the stock is underperforming its peers. Furthermore, the weighted average price suggests that a significant volume of shares traded closer to the day’s low, signalling selling pressure among investors.
Technically, the stock is trading below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—highlighting a sustained bearish trend. This technical weakness often discourages ...
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