Recent Price Movement and Volatility
IND Renewable opened the trading day with a modest gap up of 2.07%, reaching an intraday high of ₹13.29. However, the stock failed to sustain these gains and plunged to an intraday low of ₹11.37, marking a steep 12.67% decline from the high. The wide intraday range of ₹1.92 and an intraday volatility of 7.79% underscore the heightened uncertainty and selling pressure experienced throughout the session.
Despite the initial optimism, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling stronger selling interest as the day progressed. This pattern suggests that sellers dominated the market, pushing the price down by the close.
Technical Indicators and Moving Avera...
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