Recent Price Movement and Volatility
The stock has been under pressure for the past two trading sessions, losing approximately 6.1% over this period. On 18-Dec, M E T S experienced a wide intraday trading range of ₹13.5, with the price touching a low of ₹110, representing a steep intraday decline of 9.65%. Such volatility indicates significant uncertainty among investors, with the weighted average price skewed towards the lower end of the day’s range, suggesting selling pressure dominated trading activity.
Adding to the bearish sentiment, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signals a sustained downtrend, discouraging short-term and medium-term ...
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