Recent Price Movement and Volatility
Despite opening the day with a positive gap of 2.8%, Bang Overseas was unable to maintain early gains. The stock reached an intraday high of ₹54.90, representing a 4.51% increase from the previous close, but subsequently fell sharply to an intraday low of ₹50.01, a decline of 4.8%. This wide intraday range resulted in a high volatility of 6.79%, signalling significant price fluctuations within the trading session. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s price range, suggesting selling pressure dominated as the session progressed.
Technical Indicators and Moving Averages
Technically, Bang Overseas is trading below all key moving averages, ...
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