Recent Price Movement and Market Performance
On 08 December, Maithan Alloys closed at ₹918.00, down ₹23.85 or 2.53% from the previous session. This drop continues a two-day losing streak, during which the stock has fallen nearly 4%. Intraday trading saw the price dip to a low of ₹902, marking a 4.23% decline within the day. The weighted average price indicates that a significant volume of shares exchanged hands near this lower price point, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical trend.
Investor participation appears to be waning, with delivery volumes on 05 December falling by over 27% compared to the five-day averag...
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