Recent Price Movement and Market Performance
Indoco Remedies has experienced a steady downward trajectory over recent sessions, with the stock falling for three consecutive days and losing nearly 9.75% in that period. Despite an intraday high of Rs 229.45, the stock ultimately traded closer to its intraday low of Rs 212, indicating selling pressure. The weighted average price suggests that a larger volume of shares exchanged hands near the lower price point, reinforcing bearish momentum. Additionally, the stock exhibited high volatility today, with intraday fluctuations of 5.29%, underscoring uncertainty among traders.
From a technical standpoint, Indoco Remedies is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day average...
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