Recent Price Movement and Volatility
On the day in question, Fiberweb's stock price fluctuated within a wide intraday range of ₹5.27, reaching a high of ₹41.8 before dipping to a low of ₹36.53. Despite the intraday rally that pushed the price up by 9% at one point, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the range. This suggests selling pressure dominated the session, contributing to the overall decline. The stock also exhibited high volatility, with an intraday volatility of 6.5%, reflecting uncertainty and active trading among investors.
Extended Downtrend and Moving Averages
Fiberweb has been on a losing streak for seven consecutive trading days, during which it has shed nearly 13%...
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