Short-Term Price Movement and Market Context
As of the evening of 21 November, the stock recorded a decrease of ₹14.05, representing a 0.23% drop. Intraday, the share price touched a low of ₹5,800, marking a 3.38% dip from recent levels. Notably, the weighted average price indicates that a larger volume of shares traded closer to this lower price point, suggesting selling pressure during the session. Despite this, the stock outperformed its sector by 1.14% today, signalling relative resilience amid broader sector weakness.
Examining moving averages reveals a nuanced technical picture. The current price remains above the 5-day moving average but is still below the 20-day, 50-day, 100-day, and 200-day averages. This positioning often indicates short-term support but long...
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