Recent Price Movement and Market Context
Dolfin Rubbers opened the trading day with a significant gap down of 6.15%, setting a bearish tone early on. The stock touched an intraday low of ₹168, which is just 3.67% above its 52-week low of ₹166.6, signalling that the share price is hovering near its lowest levels in the past year. This proximity to the 52-week low often raises caution among investors, potentially triggering further selling pressure.
The weighted average price for the day indicates that a larger volume of shares was traded closer to the lower price range, suggesting that sellers dominated the session. This selling pressure was compounded by the fact that Dolfin Rubbers is currently trading below all key moving averages, including the 5-day, 20-day, 50-day...
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