Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 8.11% during this period. Notably, on 20-Nov, the stock opened with a gap down of 3.19%, signalling immediate bearish sentiment among investors. Despite touching an intraday high of ₹149.85, representing a 5.12% rise from the previous close, the share ultimately succumbed to selling pressure, hitting a low of ₹138, down 3.19% intraday. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting stronger selling interest as the session progressed.
Technical Indicators and Investor Behaviour
Technically, Cochin Malabar is trading below all key moving averages, includin...
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