Recent Price Movement and Volatility
Rain Industries’ stock has been on a downward trajectory, losing 6.77% over the past two days alone. The share price touched an intraday low of ₹105.1, signalling heightened selling pressure. The weighted average price indicates that a larger volume of shares traded closer to this low, suggesting that sellers dominated the session. Additionally, the stock exhibited significant intraday volatility of 5.15%, highlighting uncertainty and nervousness among investors.
Technical Indicators and Moving Averages
Technically, the stock is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread weakness across multiple timeframes typically signals a be...
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