Short-Term Price Movement and Market Sentiment
The stock has been under pressure for the last two trading sessions, cumulatively losing 6.63% in value. On 24-Nov, it opened with a gap down of 2.74%, signalling immediate selling interest from investors at the start of the session. The intraday low touched ₹38, representing a 5.5% decline from the previous close, with the weighted average price indicating that a larger volume of shares traded closer to this lower price point. This suggests that sellers dominated the market throughout the day, pushing prices down.
Moreover, Ginni Filaments underperformed its sector by 2.5% on the day, highlighting relative weakness compared to its peers. The stock’s current price remains above its 200-day moving average, a long-term suppo...
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