Extended Downward Momentum
Patspin India’s recent price action reveals a persistent slide, with the stock hitting a new 52-week low of ₹8.11 on the day. This fresh low underscores the pressure the stock has been under, as it has now recorded losses for three consecutive trading sessions. Over this short span, the stock has declined by approximately 10.81%, signalling a clear bearish sentiment among investors.
Such a streak of declines is further compounded by the stock’s underperformance relative to its sector, lagging by 1.9% on the day. This suggests that the weakness is not isolated to Patspin India alone but is more pronounced compared to its immediate industry peers.
Technical Indicators Point to Weakness
From a technical standpoint,...
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