Recent Price Movement and Trading Activity
On 19 December, Indokem’s shares touched an intraday high of ₹794.45, marking a 2.32% gain, but ultimately closed lower after hitting a low of ₹760.05, down 2.11% from the previous close. The weighted average price indicates that a greater volume of shares traded nearer to the day’s low, suggesting selling pressure towards the end of the session. The stock’s current price remains above its 50-day, 100-day, and 200-day moving averages, signalling a generally positive medium- to long-term trend. However, it is trading below its 5-day and 20-day moving averages, indicating short-term weakness. Investor participation has also waned, with delivery volumes on 18 December falling by over 21% compared to the five-day average, pointing to red...
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