Short-Term Price Movement and Market Performance
Ravinder Heights’ share price fell sharply during the trading session, touching an intraday low of ₹54.34, representing a 5% drop from previous levels. The weighted average price indicates that a larger volume of shares traded closer to this low, signalling selling pressure among investors. The stock underperformed its sector by 1.87% on the day, further highlighting the relative weakness in its price action compared to peers.
Technical indicators reveal that while the stock remains above its 100-day and 200-day moving averages, it is trading below its shorter-term averages of 5-day, 20-day, and 50-day. This suggests a recent loss of upward momentum and potential caution among traders in the near term.
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