Intraday Volatility and Technical Setbacks
Premier Explosives experienced significant intraday volatility, with the stock touching a high of ₹526.45, up 2.8%, before plunging to an intraday low of ₹472.40, down 7.75%. This wide trading range of ₹54.05 reflects heightened uncertainty among investors. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day's low, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical trend that may have prompted profit-taking by short-term traders.
Declining Investor Participation
Investor engagement appears to be waning, ...
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