Recent Price Movement and Market Context
The stock has been under pressure for the past three consecutive days, losing approximately 4.74% during this period. Intraday trading on 21-Nov saw the share price touch a low of ₹168, representing a 3.31% decline from previous levels. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling selling pressure among investors. Furthermore, Forbes Precision is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Investor Participation and Liquidity
Investor engagement has increased recently, with delivery volumes on 20-Nov surging by 294.01% ...
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