Recent Price Movement and Market Context
Dhatre Udyog’s shares have been under pressure, hitting a new 52-week and all-time low of ₹5.67 on the same day. This fresh low underscores the persistent challenges the stock faces, despite a brief rally over the preceding three days. The reversal following this short-lived gain indicates that selling momentum remains dominant. The stock’s performance today marginally outpaced its sector, which fell by 2.21%, suggesting some relative resilience; however, the overall trend remains negative.
Technical Indicators Signal Continued Weakness
From a technical standpoint, Dhatre Udyog is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of m...
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