Recent Price Dynamics and Market Context
On 09 December, Cohance Lifesciences demonstrated a slight recovery, gaining ₹4.80 or 0.9% after a period of downward pressure. Notably, the stock hit a fresh 52-week low of ₹521.45 during the day, signalling persistent weakness. Despite this, the stock outperformed its sector by 1.03%, suggesting some renewed buying interest. However, the broader trend remains subdued as the share price continues to trade below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prevailing bearish momentum.
Investor participation has increased, with delivery volumes rising by 52.1% to 2.91 lakh shares on 08 December compared to the five-day average. This heightened activity could be a sign o...
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