Intraday Price Movement and Market Context
Rajkot Investment Trust opened the trading session with a gap up of 10%, immediately signalling strong buying interest at the outset. The stock maintained this momentum throughout the day, reaching an intraday high of ₹42.35, which represents the closing price as well. This surge contrasts with the stock’s recent trend, where it has been trading below its key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating that the current rally is occurring from a technically weak position.
Despite this sharp rise today, the stock’s performance over the past week and month remains negative, with declines of 1.51% and 0.94% respectively, underperforming the Sensex which fell by 0.40% and 0.30% ove...
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