Recent Price Movement and Market Behaviour
DCB Bank's shares have experienced a notable downturn over the last two days, with a cumulative loss of approximately 10.5%. On 01-Feb, the stock traded within a wide intraday range of ₹22.3, touching a low of ₹176.7, which represents an 11.47% decline from previous levels. The weighted average price indicates that a larger volume of shares exchanged hands closer to the day's low, signalling selling pressure. Additionally, the stock exhibited high intraday volatility of 6.28%, underscoring the unsettled trading environment.
Technical indicators reveal that while the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently trading below its 5-day and 20-day moving averages. This suggests a short-ter...
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