Recent Price Movement and Market Context
Navin Fluorine International Ltd has seen its share price retreat over the past week, registering a decline of 3.69%, significantly underperforming the Sensex benchmark, which fell by only 0.40% in the same period. The stock has also been on a three-day losing streak, cumulatively dropping 5.25%. On 18-Dec, the stock touched an intraday low of ₹5,784.05, marking a 2.25% dip from previous levels. This short-term weakness is further underscored by the stock’s underperformance relative to its sector, lagging by 0.91% on the day.
Technical indicators reveal that while the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently trading below its 5-day and 20-day averages. This suggests a recent pullback ...
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