Recent Price Movement and Market Context
Dhabriya Polywood’s stock has been under pressure for the past two days, registering a cumulative fall of approximately 2.43%. On the day in question, the stock touched an intraday low of ₹350.15, marking a 3.37% drop from previous levels. The weighted average price indicates that a larger volume of shares traded closer to this lower price point, 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 200-day averages, signalling a bearish technical outlook in the short to medium term.
Comparatively, the stock’s recent performance has lagged behind the broader market benchmark, the Sensex. Over the past week an...
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