Recent Price Movements and Market Performance
Shoppers Stop’s stock has been under pressure for several sessions, marking a six-day consecutive fall that has eroded nearly 8% of its value during this period. On the day in question, the stock hit a fresh 52-week low of ₹418, underscoring the bearish sentiment among investors. The weighted average price indicates that a greater volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent downtrend.
Investor participation has also waned, with delivery volumes on 21 Nov falling by over 41% compared to the five-day average. This de...
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