Recent Price Movement and Market Context
On 02-Dec, Jasch Industries opened with a gap down of 2.45%, signalling immediate bearish sentiment among investors. The stock has been on a losing streak for two consecutive days, registering a cumulative decline of 1.79% during this period. Intraday, the share price touched a low of ₹159, marking a 2.45% drop from the previous close. Notably, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates sustained selling pressure and a lack of short-term momentum.
Investor participation appears to be waning, as evidenced by a sharp 93.97% drop in delivery volume on 01-Dec compared to the five-day average. This decline in trading activity sugges...
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