Intraday Volatility and Price Movement
Bemco Hydraulics opened the trading session with a positive gap of 2.1%, initially reaching an intraday high of ₹121, which represented a 4.71% increase from the previous close. However, the stock experienced considerable volatility throughout the day, trading within a wide range of ₹18.94. The intraday low touched ₹102.06, a steep decline of 11.68% from the prior close, signalling strong selling pressure. Notably, the weighted average price indicated that a larger volume of shares exchanged hands closer to the lower end of the day’s price range, underscoring bearish sentiment among investors.
Trend Reversal After Consecutive Gains
This decline ended a four-day streak of consecutive gains, suggesting that i...
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