Recent Price Action and Volatility
Despite opening the day with a positive gap of 2.43%, Lyka Labs was unable to sustain the momentum. The stock reached an intraday high of ₹83.50, representing a 3.04% gain from the previous close, but subsequently reversed sharply to hit a new 52-week low of ₹77.32. This intraday volatility of 5.6% underscores the heightened uncertainty and selling pressure faced by the stock. The weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling stronger bearish sentiment among investors.
Technical Indicators and Moving Averages
Technically, Lyka Labs is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This consis...
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