Current Market Position and Price Action
The stock closed at ₹1,063.00, slightly down from the previous close of ₹1,069.70, with intraday trading ranging between ₹1,057.90 and ₹1,070.40. This price action remains well below its 52-week high of ₹1,322.00, yet comfortably above the 52-week low of ₹745.00, indicating that while the stock has retraced from its peak, it has maintained a relatively stable base over the past year.
Technical Indicators: A Mixed Bag
Examining the technical indicators reveals a complex picture. The Moving Average Convergence Divergence (MACD) shows a bearish signal on the weekly chart, signalling short-term downward momentum. Conversely, the monthly MACD remains mildly bullish, hinting at a longer-term positive outlook. T...
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