Short-Term Price Movement and Market Behaviour
The stock has been under pressure for the past four consecutive days, losing nearly 9.8% in that span. On the day in question, it exhibited significant intraday volatility, swinging between a high of ₹118.65 and a low of ₹105.90, representing a wide trading range of ₹12.75. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling selling dominance. This was further compounded by a sharp decline in investor participation, with delivery volumes on 20 Nov plunging by over 93% compared to the five-day average, suggesting reduced conviction among buyers and a possible shift towards profit booking or cautious positioning.
Despite the stock trading above its ...
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