Recent Price Movements and Volatility
HB Estate Developers opened the trading day with a significant gap up of 10.96%, reaching an intraday high of ₹80.00. However, this initial optimism was short-lived as the stock fell sharply to touch an intraday low of ₹70.00, marking a 2.91% decline by the close. The wide intraday range of ₹10.00 and an intraday volatility of 6.67% underscore the stock’s erratic trading behaviour on this day. Despite the early surge, the weighted average price indicates that a larger volume of shares traded closer to the lower price levels, signalling selling pressure prevailing over buying interest.
Technical Indicators and Moving Averages
Technically, HB Estate Developers is trading below all key moving averages, includin...
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