Recent Price Action and Volatility
Despite opening the day with a notable gap up of 12.8%, DCM Ltd’s shares experienced significant intraday swings, touching a high of ₹89 before plunging to an intraday low of ₹68. This wide trading range of ₹21 underscores the stock’s elevated volatility, with an intraday volatility measure of 25.58% based on the weighted average price. The substantial volume traded closer to the day’s low price further indicates selling pressure dominating the session.
Technical Weakness Across Moving Averages
Technically, DCM Ltd is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This consistent weakness across short, medium, and long-term technical indicators signals...
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