Recent Price Movement and Market Context
The stock opened with a gap down of 13.69%, signalling immediate bearish sentiment among investors. Throughout the trading session, the price touched an intraday low of ₹12.48, closely aligning with the closing figure and underscoring sustained selling pressure. Notably, the weighted average price indicates that a larger volume of shares traded near the day’s low, suggesting that sellers dominated the market throughout the day.
Adding to the negative momentum, Popees Cares is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning typically signals a downtrend and may deter short-term traders and investors from initiating new positions.
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