Short-Term Price Performance and Market Sentiment
On 07-Jan, Dhanuka Agritech’s shares closed close to their 52-week low, just 2.1% above the lowest price of ₹1,091.6 recorded over the past year. The stock has underperformed its sector by 1.76% on the day, and this marks the third consecutive day of decline, with a cumulative loss of 5.63% over this period. Intraday trading saw the stock dip to a low of ₹1,098.05, representing a 3.04% drop from previous levels. The weighted average price indicates that a larger volume of shares traded near the day’s low, suggesting selling pressure dominated the session.
Further compounding the bearish sentiment, Dhanuka Agritech is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day average...
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