Intraday Volatility and Price Movement
The stock experienced significant intraday fluctuations, trading within a wide range of ₹2.38 and touching a low of ₹13.37, representing a steep intraday drop of 13.63%. This high volatility, calculated at 8.17% based on the weighted average price, indicates considerable uncertainty among investors during the trading session. Notably, the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower end of the day’s price range, signalling selling pressure dominating the session.
Trend Reversal After Consecutive Gains
Prior to this decline, Globus Power Generation Ltd had recorded five consecutive days of gains, making the current fall a clear trend reversal. This shift ...
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