Recent Price Movement and Market Context
Caprihans India’s share price has been on a downward trajectory, with the stock losing 3.93% over the past two consecutive trading days. On 18-Dec, the stock touched an intraday low of ₹87, marking a 6.33% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to this low, suggesting selling pressure dominated the session. Despite the stock trading above its 5-day moving average, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, signalling a bearish trend in the medium to long term.
Investor participation has increased, as evidenced by a 17.32% rise in delivery volume on 17-Dec compared to the five-day average, with 14,470 shares delivered. This he...
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