Recent Price Movements and Market Performance
Galaxy Bearings has been under pressure in recent trading sessions, with the stock hitting a new 52-week low of ₹451.05 on 21-Jan. The share price has declined consecutively over the past two days, registering a cumulative loss of 3.4% during this period. Intraday trading saw the stock touch a low that was 5.04% below the previous close, signalling strong selling momentum. The weighted average price indicates that a significant volume of shares exchanged hands near the day's low, underscoring bearish sentiment among investors.
Technical indicators further highlight the stock's weakness, as Galaxy Bearings is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad...
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