Recent Price Movement and Market Performance
The stock has been on a downward trajectory for the past two days, registering a cumulative loss of 3.73%. Despite touching an intraday high of ₹675, representing a 2.37% gain during the session, the stock ultimately fell to an intraday low of ₹640, down 2.93%. The weighted average price indicates that a greater volume of shares traded closer to the lower end of the day’s range, signalling selling pressure. Furthermore, the stock underperformed its sector by 2.21% on the day, highlighting relative weakness.
From a technical standpoint, Mac Charles (India) Ltd’s current price remains above its 200-day moving average, suggesting some long-term support. However, it is trading below its short- and medium-term moving averages (5-...
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