Short-Term Price Performance and Market Sentiment
The stock has been on a downward trajectory over the past three days, cumulatively losing 6.09% in returns. On the day in question, it underperformed its sector by 3.08%, touching an intraday low of ₹284, which represents a 4.59% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Furthermore, DDev Plastiks is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, a technical indication of bearish momentum.
Investor participation has also waned, with delivery volumes on 9 Jan falling by 22.43% compared to the five-day average. This decline in delivery vo...
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