Recent Price Movement and Market Context
On 11 December, Dolat Algotech opened with a gap down of 2.47%, signalling immediate investor caution. The stock underperformed its sector by 6.08% on the day, touching an intraday low of ₹83.50. Notably, the weighted average price indicates that a larger volume of shares traded near the day’s low, suggesting selling pressure dominated throughout the session. Although the stock remains above its short-term moving averages (5, 20, 50, and 100 days), it is still trading below the 200-day moving average, reflecting a longer-term bearish trend.
Investor participation has increased, with delivery volumes on 10 December rising by 95.02% compared to the five-day average, indicating heightened activity. However, this surge in volume has...
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