Recent Price Movements and Market Context
Ramkrishna Forgings hit a new 52-week low of ₹493.05 on the day, marking a fresh nadir for the stock. The share price has been falling for two consecutive days, losing 4.59% over this period. Intraday activity showed the stock trading closer to its lows, with a weighted average price indicating heavier volume near the bottom end of the day’s range. This suggests selling pressure dominated trading sessions. Furthermore, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 16 Dec falling by nearly 20% compared to the five-day average. Despite this, liq...
Read More












