Intraday Price Movement and Market Behaviour
On the trading day of 26 December, SAL Automotive Ltd demonstrated a volatile yet ultimately positive session. The stock opened with a gap down of 3.02%, touching an intraday low of ₹208.50, reflecting initial selling pressure. However, it recovered strongly to reach an intraday high of ₹229.05, marking a 6.53% gain from the previous close. This intraday rally culminated in a closing price of ₹227.80, up ₹12.80 or 5.95% from the prior day’s close. The weighted average price indicated that a larger volume of shares traded closer to the day’s low, suggesting some cautious profit-taking or defensive positioning by investors during the session.
Short-Term Performance and Moving Averages
The stock has been...
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