Recent Price Movement and Market Context
JSL Industries has been trading near its 52-week low, currently just 1.83% above the lowest price of ₹1,007.25 recorded over the past year. The stock opened the day with a gap down of 2%, signalling early bearish sentiment among investors. Despite touching an intraday high of ₹1,107.75, a 5% rise from the previous close, the stock ultimately succumbed to selling pressure, closing near its intraday low. The weighted average price indicates that a larger volume of shares was traded closer to the lower price levels, reinforcing the downward momentum.
Moreover, the stock has consistently traded below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained bearish trend. T...
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