Intraday Volatility and Price Movements
Incredible Industries began the trading day on a positive note, opening with a gain of 6.38%. The stock even reached an intraday high of ₹44.80, marking a robust 10.84% increase from the prior close. However, this optimism was short-lived as the price sharply reversed, touching an intraday low of ₹38.24, a decline of 5.39%. The wide trading range of ₹6.56 during the day underscores the heightened volatility experienced by the stock, with an intraday volatility measure of 13.94% based on the weighted average price. Such fluctuations indicate uncertainty among investors and a lack of sustained buying momentum.
Technical Indicators and Moving Averages
From a technical standpoint, Incredible Industries is curr...
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