Market Performance and Sector Influence
BHEL’s share price decline on 08-Dec aligns closely with the broader Electric Equipment sector, which itself fell by 2.56% during the trading session. The stock touched an intraday low of ₹267.75, representing a 3.6% drop from previous levels. The weighted average price for the day indicates that a larger volume of shares traded near this lower price point, signalling selling pressure throughout the session.
Technical indicators show that while BHEL’s current price remains above its 50-day, 100-day, and 200-day moving averages, it is trading below the shorter-term 5-day and 20-day averages. This suggests some recent short-term weakness despite the longer-term upward trend. The stock’s performance over the past week has been disap...
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