Recent Price Movement and Trend Shift
The stock closed at ₹211.00, down from the previous close of ₹221.90, marking a short-term decline. The intraday range on the latest trading day spanned from ₹208.00 to ₹219.85, indicating some volatility but a general downward bias. Notably, the 52-week high stands at ₹400.50, while the 52-week low is ₹179.65, placing the current price closer to the lower end of its annual range. This proximity to the yearly low suggests that the stock has been under pressure over the past year.
Technical Indicators: Mixed Signals with Bearish Leanings
Examining the technical indicators provides a nuanced picture. The Moving Average Convergence Divergence (MACD) on the weekly chart signals bearish momentum, while the monthl...
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