Recent Price Movement and Intraday Volatility
Despite opening the day with a positive gap of 4.55%, reaching an intraday high of ₹34.50, Golden Tobacco’s shares reversed course to close at ₹31.44, down 4.73% from the previous close. This intraday volatility highlights a significant selling pressure that overwhelmed early optimism. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling that sellers dominated the session.
Technical Indicators Point to Bearish Sentiment
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a persistent downtrend and weak investor confidence. Such a p...
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