Intraday Price Movement and Volatility
Patels Airtemp opened the trading session with a gap up of 2.76%, signalling early buying interest. The stock demonstrated considerable volatility throughout the day, with an intraday price range of ₹32.95 and a high of ₹258, representing a 15.88% surge from previous levels. Such a wide trading band indicates active participation from traders seeking to capitalise on short-term price swings.
Despite this volatility, the weighted average price suggests that a larger volume of shares traded closer to the lower end of the range, implying some profit-taking or cautious sentiment among investors. The stock's price remains above its 5-day moving average but continues to lag behind its 20-day, 50-day, 100-day, and 200-day moving averages...
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