Market Performance and Sector Influence
The stock’s decline on 08-Dec aligns closely with the broader retail sector, which itself fell by 2.11% during the trading session. Avenue Supermarts’ intraday low touched ₹3,826.35, representing a 3.2% dip from previous levels. The weighted average price indicates that a larger volume of shares traded near this lower price point, signalling selling pressure. Furthermore, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical trend.
Investor participation has also waned, with delivery volumes on 05 Dec dropping by 36.91% compared to the five-day average. This reduced engagement suggests a cautious stance among shareholders,...
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