Recent Price Movement and Market Context
The stock’s recent rally stands out against the broader market trend, with the Sensex declining by 1.86% over the past week. Kewal Kiran outperformed its sector by 5.6% on the day, touching an intraday high of Rs 495. This positive momentum is supported by the stock trading above its 5-day and 20-day moving averages, signalling short-term strength. However, it remains below its 50-day, 100-day, and 200-day averages, indicating that longer-term technical resistance levels have yet to be overcome.
Liquidity remains adequate for trading, with the stock’s average traded value supporting transactions up to Rs 0.02 crore. Yet, investor participation appears to be waning slightly, as delivery volumes on 13 Jan fell by 12.8% compared to...
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