Recent Price Movements and Volatility
Despite opening the day with a positive gap of 2.93%, Richfield Financial Services Ltd was unable to sustain early gains. The stock reached an intraday high of ₹40, marking a 9.65% increase from its previous close, but subsequently fell sharply to an intraday low of ₹33.02, a decline of 9.48%. This wide trading range of ₹6.98 highlights significant intraday volatility, with the weighted average price indicating that a larger volume of shares exchanged hands closer to the lower end of the price spectrum. Such price action suggests selling pressure intensified as the session progressed, outweighing initial optimism.
Technical Indicators Signal Weakness
Technically, the stock is trading below all key moving ave...
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