Recent Price Movements and Market Context
Despite opening the day with a positive gap of 2.83%, reaching an intraday high of ₹132.75, Deepak Spinners was unable to sustain this momentum. The stock ultimately closed lower, marking its third consecutive day of decline and registering a cumulative loss of 3.27% over this period. This short-term weakness is compounded by the stock trading close to its 52-week low, just 4.91% above the lowest price of ₹121.05 recorded in the past year.
The weighted average price data indicates that a larger volume of shares was traded nearer to the day's low price, suggesting selling pressure dominated the session. Furthermore, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 20...
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