Recent Price Movement and Technical Indicators
The stock has been on a downward trajectory for the past two days, accumulating a loss of 3.71% over this short period. Intraday trading saw the share price dip to a low of ₹46.51, marking a 2.68% decline from the previous close. Notably, Indo Rama Synthetics is currently trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness signals a bearish sentiment among traders and may be contributing to the recent selling pressure.
Investor participation, however, has shown signs of increasing interest, with delivery volumes on 05 Jan rising by over 53% compared to the five-day average. This suggests that while the stock is falling, there is heightened tra...
Read full news article










