Recent Price Performance and Market Context
The stock has underperformed significantly in the short term, with a one-week loss of 6.64% compared to the Sensex’s modest 1.73% decline. Year-to-date, the stock has dropped 11.21%, markedly worse than the broader market’s 3.57% fall. This recent weakness is compounded by a four-day consecutive decline, during which the stock lost over 6.6% in value. Intraday trading on 20-Jan saw the share price dip to a low of ₹1,140, with heavier volume concentrated near this lower price point, signalling selling pressure.
Adding to the bearish sentiment, Deepak Fertilisers is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signals a downtrend and ...
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