Recent Price Movement and Market Context
After four consecutive days of gains, Exicom Tele-Systems experienced a trend reversal on 17-Dec, with the stock underperforming its sector by 4.65%. The intraday low touched ₹116, marking a 5.96% drop from previous levels. Notably, the weighted average price indicated that a larger volume of shares traded closer to the day’s low, signalling selling pressure. The stock also exhibited high intraday volatility of 5.21%, reflecting uncertainty among investors. While the current price remains above the 5-day and 20-day moving averages, it is still below the longer-term 50-day, 100-day, and 200-day averages, suggesting a bearish medium to long-term trend.
Long-Term Underperformance and Weak Returns
Exicom Tele...
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