Recent Price Movement and Market Context
EKI Energy’s stock has been under pressure for the past five consecutive trading sessions, registering a cumulative decline of 5.45% over the week. This contrasts sharply with the broader Sensex index, which has remained relatively stable, declining only 0.40% in the same period. The stock’s intraday price action on 18-Dec showed volatility, with a high of ₹99.70, up 3.21%, but it ultimately settled near its low of ₹94.55, down 2.12%. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, signalling selling pressure.
Further technical indicators reinforce the bearish sentiment. EKI Energy is trading below all key moving averages, including the 5-day, 20-day, 50-day,...
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