Recent Price Movement and Market Performance
Race Eco Chain Ltd hit a new 52-week low of ₹112 during intraday trading on 19-Jan, marking a sharp 10.26% drop from its previous levels. The stock underperformed its sector by 6.69% on the day and reversed its short-term upward trend after two consecutive days of gains. The share price exhibited high volatility, with an intraday range of ₹12.8 and a volatility measure of 7.49%, indicating considerable uncertainty among investors. Notably, the weighted average price suggests that more volume was traded closer to the day’s low, signalling selling pressure.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend. D...
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