Recent Price Movement and Market Sentiment
Kanoria Energy’s stock has been on a downward trajectory, hitting a new 52-week low of ₹17.51 during intraday trading on 04-Dec. The stock’s performance today notably underperformed its sector by 7.26%, signalling a lack of investor confidence relative to its peers. Over the past two days, the stock has declined by approximately 10.89%, underscoring a sustained negative momentum. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated throughout the session.
Technical Indicators Point to Weakness
From a technical standpoint, Kanoria Energy is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-d...
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