Intraday and Short-Term Price Movement
On the trading day in question, Sainik Finance opened with a gap up of 2.17%, signalling early buying interest. The stock further extended gains during the session, reaching an intraday high of ₹38.40, representing a 4.07% increase from the previous close. This strong intraday momentum allowed the stock to outperform its sector by 3.84%, indicating relative strength within its industry group.
Technically, the share price currently trades above its 5-day moving average, suggesting short-term bullishness. However, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, highlighting that the stock is still in a corrective phase relative to its medium and long-term trends.
Investor Participation and L...
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