Recent Price Movement and Technical Weakness
Kirloskar Electric's shares hit a fresh 52-week low of ₹96.70 during intraday trading on 18-Dec, marking a significant technical setback. The stock has been on a losing streak for three consecutive days, shedding approximately 6.11% in that period. This sustained decline is further underscored by the fact that the weighted average price indicates heavier trading volumes near the day's low, suggesting selling pressure dominates investor behaviour.
From a technical standpoint, the stock is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such positioning typically signals bearish momentum and a lack of near-term support, which can deter buyers and encourage further se...
Read More













