Recent Price Movement and Volatility
Despite opening the day with a positive gap of 7.04%, the stock could not sustain its early momentum. It reached an intraday high of ₹160.5 but ultimately retreated to its low of ₹136, marking a wide trading range of ₹24.5 for the session. This high volatility, measured at 8.26% intraday, underscores the unsettled sentiment among investors. The weighted average price indicates that a greater volume of shares traded closer to the day's low, signalling selling pressure towards the end of the session.
Trend Reversal and Moving Averages
The decline on 11-Dec ended a two-day streak of consecutive gains, signalling a trend reversal. Technical indicators further highlight the bearish outlook, with the stock trading ...
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