Recent Price Movement and Volatility
The stock has experienced a notable sell-off, with a consecutive three-day decline resulting in an 11.76% loss over this short period. On the day in question, the share price touched an intraday low of ₹38.61, representing a steep 10.69% drop from previous levels. The trading session was marked by high volatility, with an intraday price range of ₹4.62 and a calculated volatility of 7% based on the weighted average price. Notably, the weighted average price indicates that a larger volume of shares was traded closer to the day’s low, signalling stronger selling pressure throughout the session.
Technical Indicators and Moving Averages
From a technical perspective, Indo Rama Synthetics is trading below all key mo...
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