Strong Short-Term Price Momentum and Market Outperformance
Jeevan Scientific Technology Ltd has demonstrated notable resilience in the short term, with a one-week return of 12.01%, significantly outperforming the Sensex’s 1.59% gain over the same period. Year-to-date, the stock has appreciated by 5.48%, while the Sensex has declined by 1.92%. This positive momentum is further underscored by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling robust technical support and investor confidence.
On 06-Feb, the stock touched an intraday high of Rs 67.99, maintaining a narrow trading range of just Rs 0.01, which suggests a consolidation phase with limited volatility. However, it is important to note t...
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