Recent Price Movement and Volatility
The stock experienced a sharp intraday low of ₹31.05, marking a 12.19% drop from previous levels, and traded within a wide range of ₹4.8 during the session. Such a broad trading band indicates heightened volatility, further confirmed by an intraday volatility measure of 7.17%, calculated from the weighted average price. Notably, the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower end of the price range, signalling selling pressure throughout the day.
Despite the current price being above the 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. This technical positioning often reflects a bearish trend in the medium to long term, with short-...
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