Recent Price Movements and Volatility
Sam Industries experienced a wide intraday trading range of ₹8.14 on 27-Nov, with the stock touching a high of ₹57.90, marking a 7.42% increase from previous levels, before plunging to a low of ₹49.76, down 7.68%. This significant price fluctuation highlights the heightened volatility the stock endured, with an intraday volatility of 7.56% calculated from the weighted average price. Despite the intraday rally, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the price spectrum, signalling selling pressure towards the close.
Trend Reversal and Moving Averages
After three days of steady gains, the stock reversed course on 27-Nov, closing lower. The share pri...
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