Recent Price Movement and Market Comparison
The stock has been on a downward trajectory for the past three consecutive days, losing nearly 4% in that period. Despite touching an intraday high of ₹574.5, representing a 3.35% gain during the session, the weighted average price indicates that a larger volume of shares traded closer to the day's low. This suggests selling pressure dominated the trading session. Furthermore, Bajaj Steel Industries is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 19 Nov falling by 5.61% compared to the five-day average. Although liquidity remains sufficient for modest t...
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