Short-Term Price Movement and Market Context
Shilp Gravures has recorded a steady increase over the past three trading sessions, accumulating a 6.6% return during this period. On 05-Dec, the stock outperformed its sector by 3.47%, signalling relative strength against its immediate peers. The intraday high reached ₹229.90, marking a 3.12% rise from the previous close, which underscores the buying interest during the trading session.
Despite this recent surge, the stock’s price remains below its longer-term moving averages, including the 20-day, 50-day, 100-day, and 200-day averages. It is, however, trading above the 5-day moving average, indicating a short-term bullish trend but suggesting that the broader momentum has yet to fully shift to the upside.
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