Short-Term Price Movement and Volatility
On the trading day of 02 January, Nettlinx Ltd demonstrated significant volatility, with the stock price fluctuating between an intraday low of ₹17.32 and a high of ₹19.49, representing an 8.82% rise from the low point. Despite opening with a gap down of 3.29%, the stock managed to recover and close substantially higher, outperforming its sector by 6.65%. This rebound contributed to a three-day consecutive gain, during which the stock appreciated by 10.92%, signalling renewed buying interest in the near term.
The stock’s weighted average price indicated that a larger volume of shares traded closer to the lower end of the day’s price range, suggesting some cautious profit-taking or resistance near the intraday lows. Nevertheless,...
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