Intraday Volatility and Trading Dynamics
The stock exhibited pronounced volatility throughout the trading session, with an intraday price range of ₹81.2 and a high intraday volatility of 11.58%, calculated from the weighted average price. Notably, the stock touched an intraday low of ₹512.15, marking a 14.03% decline from previous levels. The weighted average price indicates that a larger volume of shares was traded closer to the day’s low, suggesting selling pressure dominated the session.
Moreover, Gallantt Ispat Ltd. underperformed its sector by 12.52% on the day, signalling a relative weakness compared to its peers. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which often acts as a...
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