Short-Term Price Dynamics and Trading Activity
On 21 November, Rapicut Carbides closed at ₹97.55, down by ₹1.25 or 1.27% from the previous close. Notably, the stock had opened with a gap up of 3.24%, reaching an intraday high of ₹102, reflecting initial bullish sentiment. However, the price retreated during the session, touching a low of ₹95, indicating selling pressure. The weighted average price suggests that a larger volume of shares traded closer to the day’s low, signalling that sellers dominated the latter part of the trading day.
Despite this decline, the stock remains above its key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating an overall upward trend in the medium to long term. However, investor participation appears to be waning, with ...
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