Recent Price Movement and Market Context
Despite opening the day with a notable gap up of 4.38%, reaching an intraday high of ₹157.40, Ganges Securities was unable to sustain this momentum. The stock ultimately retreated to an intraday low of ₹147, closing near the lower end of its trading range. This intraday volatility highlights a tug-of-war between initial optimism and subsequent selling pressure.
The weighted average price indicates that a greater volume of shares traded closer to the day's low, suggesting that sellers dominated the session as the day progressed. This pattern often signals waning confidence among investors, who may be locking in profits or reducing exposure amid uncertainty.
Technical Indicators and Investor Behaviour
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