Recent Price Movement and Market Context
DCM Ltd’s shares declined by 1.41% on 12 January, closing at ₹88.00, marking a continuation of a three-day losing streak that has seen the stock fall by 3.83%. This recent decline is sharper than the broader sector’s performance, with the stock underperforming its sector by 0.96% on the day. Despite an intraday high of ₹91.90, the weighted average price indicates that most trading volume occurred near the day’s low, signalling selling pressure. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical trend.
Investor participation has increased, with delivery volumes on 9 January rising by 122.74% compared to the five-day average, sugg...
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