Recent Price Movement and Intraday Volatility
Despite the positive close, the stock experienced significant intraday volatility, touching a new 52-week low of ₹280 during the session, representing a sharp intraday drop of 6.9%. The weighted average price indicates that a larger volume of shares traded closer to this low price, suggesting selling pressure persisted for much of the day before the late recovery. This pattern reflects cautious investor sentiment, with buyers stepping in only after the stock reached its lowest point in a year.
Technical Indicators and Moving Averages
Technically, Josts Engineering is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typically s...
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