Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 4.17%. On 21-Nov, it touched an intraday low of ₹48.57, down 2.82% from the previous close, with heavier trading volume concentrated near this lower price point. This suggests selling pressure dominated the session. Furthermore, B.L.Kashyap is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 20 Nov falling by 7.87% compared to the five-day average, indicating reduced conviction among shareholders. Despite the stock’s liquidity being sufficient for moderate trade sizes, the prevaili...
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