Recent Price Movement and Trend Reversal
Rishiroop Ltd’s share price fell by ₹1.74 on 12 February, representing a 1.69% decrease from the previous close. This decline interrupted a positive streak of four straight days of gains, signalling a short-term trend reversal. The stock’s performance on this day also underperformed its sector by 0.86%, indicating that the dip was more pronounced relative to its immediate peers.
Despite the fall, the stock remains above its 5-day, 20-day, and 50-day moving averages, suggesting that the short to medium-term momentum remains intact. However, it is trading below its 100-day and 200-day moving averages, which may indicate some longer-term resistance levels that investors are watching closely.
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