Intraday Price Movement and Volatility
The stock experienced significant intraday fluctuations, trading within a wide range of ₹11 and touching a low of ₹103, representing a steep intraday decline of 9.45%. The weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s price spectrum, suggesting selling pressure dominated trading activity. This heightened volatility, measured at 5.07% for the day, underscores the unsettled sentiment among investors.
Technical Indicators Signal Weakness
Continental Petroleums 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 often signals a bearish trend, as th...
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