Technical Rebound and Market Performance
The stock opened with a notable gap up of 7.05% and reached an intraday high of ₹543.75, marking a 14.13% increase from the previous close. Matrimony.com’s price now trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day marks, signalling a strong short- to medium-term bullish trend. This technical strength contrasts with the broader market, as the Sensex declined by 0.63% over the past week, while Matrimony.com gained 7.10% in the same period.
Despite the positive price action today, the stock’s weighted average price indicates that more volume was traded near the lower end of the day’s range, suggesting some cautious profit-taking or resistance at higher levels. Additionally, delivery v...
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