Recent Price Movements and Volatility
Despite opening the day with an encouraging gap up of 8.38%, the stock failed to sustain its gains, reaching an intraday high of ₹181 before sharply retreating to its low of ₹158. This wide intraday range of ₹23 highlights the heightened volatility experienced by Hisar Metal Industries on 11-Dec, with an intraday volatility measure of 10.18% based on the weighted average price. The weighted average price itself indicates that a greater volume of shares traded closer to the day's low, signalling selling pressure towards the end of the session.
Technical Indicators and Moving Averages
Technically, the stock is under considerable pressure, trading below all key moving averages including the 5-day, 20-day, 50-da...
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