Short-Term Price Movement and Market Context
Garnet Construction’s share price opened with a gap down of 2.26% on 20-Nov, signalling immediate selling pressure at the start of the trading session. The stock continued to slide throughout the day, touching an intraday low of ₹69, representing a 3.79% decline from the previous close. This marks the second consecutive day of losses, with the stock falling by 8.03% over this short span. Such a pattern indicates a temporary pullback or profit-taking phase after recent gains.
Despite this short-term weakness, it is important to note that Garnet Construction remains well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests that the stock’s overal...
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