Price Movement and Market Context
The stock's sharp gain on 09-Dec is underscored by its intraday high of ₹566.25, representing a 9.56% increase from previous levels. This surge comes after a period of subdued performance, with the stock having fallen over the prior two days. The trading range for the day was wide at ₹54.2, indicating heightened volatility and active investor interest. Despite this, the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower end of the price spectrum, hinting at some selling pressure during the session.
Technically, Nava's price remains above its 5-day, 20-day, and 200-day moving averages, signalling short- to long-term support levels. However, it still trades below its 50-day and 100-day movi...
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