Persistent Downward Momentum Evident in Price Action
The stock hit a fresh 52-week low of ₹80.20 during intraday trading on 05-Dec, signalling heightened selling pressure. Over the past ten consecutive trading sessions, Kriti Industries has declined by 17.21%, reflecting a clear bearish sentiment among investors. The weighted average price for the day indicates that a larger volume of shares exchanged hands closer to the day’s low, underscoring the dominance of sellers throughout the session.
Further technical weakness is evident as the stock currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based technical underperformance typically signals a lack of near-term buying interest and suggests tha...
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