Recent Price Movement and Volatility
Shalibhadra Finance’s stock demonstrated significant intraday volatility on 04-Dec, trading within a wide range of ₹10.6 and reaching an intraday high of ₹111.1, marking a 9.78% increase from previous levels. The stock’s weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s price spectrum, suggesting some profit-taking or cautious trading despite the overall price rise. The intraday volatility, calculated at 5.01%, underscores the heightened price fluctuations experienced by investors during the session.
Technically, the stock is trading above its 5-day and 20-day moving averages, signalling short-term strength. However, it remains below its longer-term moving averages o...
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