Intraday Volatility and Price Movement
Shish Industries opened the day with a notable gap up of 9.18%, signalling initial bullish sentiment among investors. The stock reached an intraday peak of ₹17, marking a fresh 52-week high and underscoring the recent positive momentum. However, this optimism was short-lived as the price retreated sharply to close near the day’s low at ₹14.02, representing a near 10% decline from the previous close. The stock traded within a wide range of ₹2.98, reflecting heightened volatility with an intraday volatility measure of 9.61% based on the weighted average price.
Despite the price retreat, Shish Industries remains positioned above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technica...
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