Recent Price Movement and Volatility
Premier Polyfilm’s shares have been under pressure for the past three consecutive sessions, cumulatively losing 7.88% in value. Despite an intraday high of Rs 45.72, representing a modest 2.93% gain during the day, the stock ultimately succumbed to selling pressure, hitting an intraday low of Rs 41.14, down 7.38%. The wide trading range of Rs 4.58 and an intraday volatility of 5.86% underscore the heightened uncertainty and price swings experienced by investors on this day.
Technical Indicators Signal Weakness
From a technical standpoint, Premier Polyfilm is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based technical weakness suggests a...
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