Recent Price Movement and Market Context
The stock hit a fresh 52-week low of ₹251.65 during intraday trading on 08-Dec, signalling sustained selling pressure. This decline followed two consecutive days of gains, marking a clear trend reversal. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day's low, underscoring bearish momentum. Crompton Greaves Consumer Electricals is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a weak technical outlook.
Investor participation has also diminished, with delivery volumes falling by nearly 10% compared to the five-day average, indicating reduced buying interest. Despite the stock's liquidi...
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