Recent Price Movement and Market Performance
On 05-Dec, Jayaswal Neco’s stock underperformed its sector by 4.7%, continuing a downward trend that has persisted over the last two days. During this period, the stock has lost 5.34% in value, with an intraday low reaching ₹64.81, representing a 6.19% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session.
Technical indicators reveal that while the stock remains above its 100-day and 200-day moving averages, it is currently trading below its shorter-term averages of 5-day, 20-day, and 50-day. This pattern often signals a short-term bearish momentum despite a solid longer-term trend. Additionally, inve...
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