Recent Price Movement and Market Context
PSP Projects has experienced a consecutive five-day decline, resulting in a cumulative loss of 10.72% over the past week. This contrasts sharply with the broader Sensex index, which recorded a modest gain of 0.79% during the same period. The stock’s intraday low touched ₹883.7, marking a 4.16% dip from previous levels, signalling increased selling pressure as the trading day progressed. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, suggesting that sellers dominated the session.
Despite this recent weakness, the stock remains well above its 50-day, 100-day, and 200-day moving averages, underscoring a strong underlying uptrend. However, it currently trades bel...
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