Recent Price Movement and Trading Patterns
Shiva Mills opened the trading session with a gap down of 4.21%, signalling immediate selling pressure from the outset. Throughout the day, the stock touched an intraday low of ₹59, representing a 5.83% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to this low price, suggesting sustained bearish sentiment among investors during the session.
Adding to the negative momentum, the stock has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signals a persistent downtrend and may deter short-term buyers looking for momentum or support levels.
Comparative Perfo...
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