Intraday Performance and Market Sentiment
The stock opened with a gap down of 2.08%, signalling immediate selling pressure at the start of the trading session. Throughout the day, the price touched an intraday low of ₹379.1, representing a 3.67% decline from previous levels. This intraday weakness indicates that sellers dominated the market, pushing the price lower despite the stock’s longer-term strength relative to its 200-day moving average.
However, the stock remains below its short- and medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. This technical positioning suggests that recent momentum has been negative, with the stock struggling to regain upward traction in the near term. Such a pattern often discourages short-term trad...
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