Recent Price Movement and Volatility
Hemang Resources experienced a volatile trading session on 08-Dec, with the stock price oscillating between an intraday high of ₹19.89, representing a 3.49% gain from the previous close, and an intraday low of ₹17, a sharp fall of 11.55%. The wide trading range of ₹2.89 and an intraday volatility of 7.8% underscore the heightened uncertainty among investors. Despite the brief uptick during the day, the stock ultimately succumbed to selling pressure, closing near its low point.
Technical Indicators and Trend Analysis
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 signals a sustained downtrend and weak ...
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