Short-Term Price Movement and Volatility
Manomay Tex India’s shares have experienced significant volatility on 15-Dec, with an intraday price fluctuation of 8.55%, indicating heightened uncertainty among investors. The stock touched an intraday low of ₹218.55, marking a sharp decline of nearly 5% from previous levels. This volatility is compounded by the stock’s underperformance relative to its sector, lagging by 4.89% on the day. Such a steep intraday drop suggests profit-taking or cautious sentiment prevailing among traders in the short term.
Further evidence of short-term pressure is seen in the stock’s moving average positioning. While the current price remains above the 50-day, 100-day, and 200-day moving averages—indicating a generally positive medium to long-ter...
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