Recent Price Movement and Market Context
Shri Balaji’s share price fell by ₹3.55 on 21 November, marking a clear reversal after three days of steady appreciation. The stock underperformed its sector by nearly 1% on the day, reflecting a cautious investor sentiment despite the broader market’s modest gains. Intraday, the stock touched a low of ₹121.75, representing a sharp 5.66% decline from recent levels, with the weighted average price indicating that a significant volume of shares traded closer to this lower price point. This suggests that sellers dominated trading activity during the session, exerting downward pressure on the stock.
Technical Indicators and Investor Participation
Interestingly, Shri Balaji remains positioned above its key mov...
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