Short-Term Price Movement and Market Reaction
Dhruv Consultancy’s stock outperformed its sector by 7.69% on the day, opening with a gap up of 2.85% and reaching an intraday high of ₹53.31, representing a near 10% surge from the previous close. The stock traded within a wide range of ₹6.31, reflecting heightened volatility. Notably, the weighted average price suggests that more volume was traded closer to the day’s low, indicating some profit-taking or cautious trading despite the overall positive price action.
The stock’s current price is above its 5-day, 20-day, and 50-day moving averages, signalling short-term bullish momentum. However, it remains below the 100-day and 200-day moving averages, highlighting that the longer-term trend is still under pressure. Investor ...
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