Short-Term Price Movement and Market Context
The stock opened sharply lower on 21-Nov, registering a gap down of 6.21%, and touched an intraday low of ₹281, marking a 6.24% drop from the previous close. This early weakness set the tone for the day’s trading, with the stock underperforming its sector by 0.9%. The IT - Education sector itself declined by 2.26%, indicating that Sodhani Academy’s fall was partly influenced by broader sectoral headwinds.
Further compounding the downward pressure, the stock’s price currently trades below its short- and medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. However, it remains above the 200-day moving average, signalling that while recent momentum has weakened, the longer-term trend remains in...
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