Recent Price Movement and Technical Indicators
The stock has been on a downward trajectory for the past three consecutive days, cumulatively losing 7.17% in value. On the day in question, it touched an intraday low of ₹99, representing a 2.51% decline from previous levels. This fresh 52-week low signals persistent selling pressure and a lack of immediate support around current price levels.
Technically, Mysore Petro is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such positioning typically indicates a bearish trend, suggesting that short-term and long-term momentum remain weak. Investors often view trading below these averages as a sign to exercise caution or reduce exposure.
Sectoral Influenc...
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