Short-Term Price Movement and Market Performance
Credo Brands has demonstrated a clear upward trajectory in recent days, with the stock gaining for three consecutive sessions and delivering a cumulative return of 4.31% over this period. On 22-Dec, the stock opened with a gap up of 3.05%, signalling strong buying interest from the outset. Intraday, it reached a high of ₹102.10, marking a 3.71% increase from the previous close, before settling at ₹100.35. This performance notably outpaced its sector peers, outperforming the sector by 1.98% on the day.
The stock’s price currently sits above its 5-day and 20-day moving averages, indicating positive short-term momentum. However, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting that the longer-te...
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