Persistent Downward Momentum
Foods & Inns has been experiencing a sustained downtrend, with the stock price hitting a new 52-week low of ₹70.6 on the day. This fresh low underscores the persistent selling pressure that has weighed heavily on investor sentiment. The stock has declined consecutively over the past two days, registering a cumulative loss of 3.44% during this period. Such short-term weakness is compounded by the fact that the weighted average price indicates that a greater volume of shares traded closer to the day’s low, signalling stronger bearish conviction among market participants.
Further emphasising the negative trend, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This techn...
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