Short-Term Price Movement and Market Activity
Despite opening the day with a significant gap down of 5.38%, Orient Press Ltd managed to recover strongly, reaching an intraday high of ₹81.90 by the close. This rebound was supported by rising investor participation, with delivery volumes on 24 Dec surging by 192.6% compared to the five-day average. The stock’s weighted average price, however, indicates that more volume was traded near the day’s low, suggesting some selling pressure persisted during the session.
Technically, the share price is currently trading above its 5-day and 20-day moving averages, signalling short-term momentum, but remains below the longer-term 50-day, 100-day, and 200-day moving averages. This positioning reflects a cautious optimism among trader...
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