Recent Price Movement and Volatility
The stock hit a new 52-week low of ₹341.65 during intraday trading on 11-Dec, marking a sharp 9.5% fall from its previous levels. It opened the day with a gap down of 6.49%, signalling immediate selling pressure from the outset. The trading session was characterised by high volatility, with the stock experiencing an intraday price range of ₹37.1 and an intraday volatility of 5.15%, calculated from the weighted average price. Notably, the weighted average price indicated that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session.
Technical Indicators and Moving Averages
From a technical standpoint, Shervani Industrial Syndicate is trading below all key moving a...
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