Recent Price Movement and Market Context
Banaras Beads opened the trading session with a gap down of 4.68%, indicating immediate selling pressure from the outset. The stock underperformed its sector by over 10% on the day, touching an intraday low at ₹105.00. Notably, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, reflecting bearish sentiment among market participants. 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, which typically signals a sustained downtrend.
Investor participation has also waned, with delivery volumes on 28 Jan falling by nearly 19% compared to the five-day average, suggesting reduced conviction among sh...
Read full news article












