Recent Price Movement and Market Context
On 21 November, Jyoti Resins traded lower, touching an intraday low of ₹1,175, representing a 2.06% drop from previous levels. The stock’s performance today was broadly in line with its sector peers, yet it remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a prevailing bearish sentiment among traders and investors in the short to medium term.
Investor participation has also waned, with delivery volumes on 20 November falling sharply by 45.63% compared to the five-day average. Such a decline in trading activity often signals reduced enthusiasm or uncertainty among shareholders, which can exacerbate price declines.










