Recent Price Movements and Trading Dynamics
The stock has been on a downward trajectory for the past four consecutive days, accumulating a loss of 9.04% during this period. Despite touching an intraday high of Rs 71, representing a 3.63% gain, the share price ultimately succumbed to selling pressure, hitting an intraday low of Rs 65, a 5.12% decline. The weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling bearish sentiment among investors. Furthermore, Kanco Tea is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring the prevailing weakness in its price momentum.
Investor Participation and Liquidity
Interestingly, investor pa...
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