Intraday Price Movement and Volatility
The stock demonstrated considerable price swings throughout the trading session, reaching an intraday high of ₹37.5, representing a 19.05% increase from its previous close. The wide trading range of ₹6.52 underscores the heightened volatility, with an intraday volatility measure of 9.52% based on the weighted average price. Despite this volatility, the weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the price spectrum, suggesting some selling pressure amid the rally.
Trend Reversal and Moving Averages
After experiencing two consecutive days of decline, the stock’s upward movement on 04-Dec signals a potential short-term trend reversal. The current p...
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