Intraday Price Movement and Volatility
The stock demonstrated a wide trading range of ₹2.27 during the day, touching an intraday low of ₹10.09 before rallying to its high of ₹12.36. This 20% jump marks a strong reversal after a sustained period of price erosion. The weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s range, suggesting initial selling pressure that was later overwhelmed by buying interest. The intraday volatility, calculated at 10.06%, underscores the stock’s heightened price fluctuations, attracting traders seeking momentum plays.
Trend Reversal and Moving Averages
After five consecutive days of decline, the stock’s sharp gain signals a potential trend reversal. It...
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