Persistent Downward Trend Evident in Price Movements
The stock closed at ₹13.15, down by ₹0.47 or 3.45% as of 08:52 PM on 09-Dec, marking a continuation of its recent negative momentum. Over the past two trading days, Lancer Containers Lines has recorded a cumulative loss of 7.78%, signalling persistent selling pressure. This short-term weakness is further underscored by the stock’s underperformance today, lagging its sector by 4.79%.
Examining the moving averages reveals a bearish technical setup. The share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a sustained downtrend, often interpreted by market participants as a signal of continued weakness or lack of buying interest....
Read More









