News and ViewsRecent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 9.55%. On the day in question, it opened with a gap down of 2.94%, signalling immediate bearish sentiment. Despite an intraday high of ₹128.5, the share price ultimately gravitated towards its low of ₹119.7, with heavier trading volume concentrated near this lower price point. This pattern suggests selling pressure dominated the session.
From a technical perspective, the stock remains above its 200-day moving average, indicating some underlying long-term support. However, it is trading below its shorter-term moving averages (5-day, 20-day, 50-day, and 100-day), which often signals a weakening momentum in the near term. Notably, investor par...
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