Recent Price Movement and Market Context
The stock opened the day with a gap down of 2.59%, immediately setting a bearish tone for trading. Throughout the session, it touched an intraday low of ₹255.55, maintaining pressure below key moving averages such as the 5-day, 20-day, 100-day, and 200-day averages. Although the price remains above the 50-day moving average, the overall technical setup suggests a short-term weakness in momentum.
Investor participation, however, showed signs of increased activity, with delivery volumes on 26 Nov rising by 18.44% compared to the five-day average. This heightened engagement indicates that while some investors are exiting positions, others may be repositioning, possibly anticipating further developments or value opportunities.
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