Recent Price Movement and Market Context
The stock’s fall on 18-Dec comes despite an intraday high of ₹401, representing a 4.17% gain during the session, indicating some volatility and attempts at recovery. However, the share price ultimately retreated to near its 52-week low, closing just 1.49% above the lowest level of ₹371 recorded over the past year. This proximity to the annual low underscores persistent selling pressure and a lack of sustained buying interest.
Further emphasising the bearish sentiment, the weighted average price for the day suggests that a greater volume of shares traded closer to the lower end of the day’s price range. This pattern often signals that sellers dominated the session, pushing prices down as demand waned.
Technical Ind...
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