Recent Price Movement and Market Context
Optiemus Infra’s share price decline on 08-Dec was sharper than the sector’s overall fall of 2.33%, underperforming by approximately 4.32%. The stock reversed its short-term upward trend, signalling a potential shift in investor sentiment. Intraday trading saw the stock touch a low of ₹514.70, with a weighted average price indicating that a larger volume of shares exchanged hands closer to this lower price point. This suggests selling pressure dominated the session.
Adding to the bearish technical signals, the stock is currently trading below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread weakness across multiple timeframes often indicates a sustained downtrend, whic...
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