Recent Price Movement and Volatility
The stock has been under pressure for several sessions, recording losses for three consecutive days and declining by 10.65% over this period. Despite opening the day with a positive gap of 2.5%, the share price failed to sustain gains, reaching an intraday high of ₹42.48, a 6.17% increase from the previous close, before retreating sharply to an intraday low of ₹37.20, down 7.02%. The wide intraday trading range of ₹5.28 and an intraday volatility of 6.63% underscore the stock’s heightened price fluctuations on 09-Dec.
Technical Indicators and Market Sentiment
Technically, Ras Resorts is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positionin...
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