Intraday Volatility and Price Movement
HB Estate Developers began trading on 03 December with a significant gap up, opening 9.09% higher than the previous close. The stock even touched an intraday high of ₹83.99, maintaining this 9.09% gain early in the session. However, this optimism was short-lived as the price swung sharply downward, hitting a low of ₹72.22, a decline of 6.2% from the prior close. The wide intraday range of ₹11.77 underscores the stock's high volatility, with an intraday volatility measure of 7.53% based on the weighted average price. Despite the initial surge, the weighted average price indicates that more volume was traded closer to the lower end of the day’s range, signalling selling pressure towards the close.
Technical Indicators and Mo...
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