Intraday Price Movement and Market Sentiment
The stock opened with a gap down of 2%, signalling immediate bearish sentiment among traders. Throughout the day, it touched an intraday low of ₹153.05, marking a near 10% drop from previous levels. The weighted average price indicates that a significant volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session. Notably, the stock’s price remains above its 50-day, 100-day, and 200-day moving averages, but below the shorter-term 5-day and 20-day averages, indicating recent weakness amid a generally positive longer-term trend.
Declining Investor Participation
Investor engagement has also waned considerably. Delivery volume on 04 Dec plummeted by over 99% compared...
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