Recent Price Movement and Trading Dynamics
Despite opening the day with a positive gap of 4.99%, the stock failed to sustain gains and ultimately closed near its intraday low. The share price fluctuated within a wide range of ₹5.24, touching a high of ₹55.16 before retreating sharply. This volatility indicates a lack of conviction among investors, with selling pressure intensifying as the session progressed.
Further compounding the negative sentiment, the weighted average price suggests that a greater volume of shares traded closer to the lower end of the day’s range. This pattern often points to stronger selling interest and diminished buying support, which can exacerbate downward price momentum.
Technical Indicators and Market Positioning
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