Recent Price Movement and Market Context
The stock opened with a notable gap down, immediately trading lower by 9.44% compared to the previous close. This decline followed two consecutive days of gains, indicating a clear trend reversal. Intraday activity showed the stock touching its low at ₹136.70, with the weighted average price suggesting that a larger volume of shares exchanged hands near this lower price point. Such trading behaviour often points to selling pressure dominating the session.
Further compounding the negative sentiment, Cochin Malabar is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning typically signals a bearish trend and may discourage short-term buying i...
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