Overview of Recent Price Movements
The stock closed at ₹116.00, down from the previous close of ₹117.60, marking a modest decline on the day. The intraday range was relatively narrow, with a low of ₹116.00 and a high of ₹122.00. Notably, the 52-week high stands at ₹387.90, while the 52-week low is ₹102.00, indicating that the current price is closer to the lower end of its annual trading range. This proximity to the yearly low suggests persistent downward pressure over the past year.
Technical Indicators: Mixed Signals but Leaning Bearish
Examining the technical indicators reveals a complex picture. The Moving Average Convergence Divergence (MACD) shows a mildly bullish signal on the weekly chart but turns bearish on the monthly timeframe. This ...
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