Recent Price Movement and Market Performance
Sagar Cements has been under pressure in recent trading sessions, with the stock losing value for three consecutive days and declining by 8.8% over this period. On 12-Jan, the stock touched an intraday low of ₹195.4, representing a 3.51% drop from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend.
Investor participation has increased, with delivery volumes on 09 Jan rising by 124.25% compared to the five-day average, indicating heightened activity but predomin...
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