Recent Price Movement and Market Context
The stock’s fall on 01-Dec marks a reversal after three consecutive days of gains, signalling a shift in investor sentiment. Intraday, the share price touched a low of ₹242.15, down 5.19%, with a weighted average price indicating that more volume was traded closer to this lower price point. This suggests selling pressure dominated the session. Furthermore, Nazara Technologies is trading below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – which typically signals a bearish trend and may discourage short-term buying interest.
Investor participation has also waned, with delivery volumes on 28 Nov falling by 41.1% compared to the five-day average, indicating reduced conviction among sh...
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