Recent Price Movement and Market Context
Despite opening the day with a positive gap of 3.88%, NIBE’s shares failed to sustain gains and experienced significant volatility, trading within a wide intraday range of ₹105.5. The stock reached an intraday high of ₹1,120.3 but also touched a low of ₹1,014.8, reflecting investor uncertainty. Notably, the weighted average price was closer to the day’s low, indicating heavier trading volume near the lower price levels. This pattern, combined with an intraday volatility of 7.65%, underscores the heightened nervousness among market participants.
Technically, NIBE is trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a sustained bearish trend. The stock has also underperformed its sect...
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