Strong Intraday Performance and Market Activity
The stock demonstrated robust intraday momentum, touching a high of ₹37.79, marking an 11.15% increase during the trading session. This wide trading range of ₹3.79 indicates heightened volatility and active trading interest. Despite the weighted average price suggesting that more volume was traded near the lower end of the day’s price band, the overall price movement was decisively upward.
Technical indicators also support the positive price action. Niraj Cement’s current price stands above its 5-day, 20-day, and 50-day moving averages, signalling short to medium-term bullish momentum. However, it remains below the 100-day and 200-day moving averages, suggesting that while recent trends are positive, longer-term resistanc...
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