Recent Price Performance and Market Context
On 16-Jan, the stock underperformed its sector, declining by 2.27% relative to peers. This marks the third consecutive day of losses, with the share price dropping approximately 2.64% over this period. Intraday, the stock touched a low of ₹1,733.60, representing a 4.31% dip from previous levels. The weighted average price indicates that a greater volume of shares traded closer to the day’s low, signalling selling pressure among investors.
Technically, Cholamandalam Financial Holdings is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad weakness across multiple timeframes often signals bearish sentiment among traders and can discourage short-term buying intere...
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