Recent Price Movement and Short-Term Trends
The stock has been under pressure over the past week, registering a cumulative loss of 7.73%, significantly underperforming the Sensex, which declined by only 0.63% in the same period. This marks the fourth consecutive day of decline for Soma Textiles, indicating sustained selling momentum in the near term. The stock’s trading range has also been notably narrow, fluctuating within just ₹0.6, suggesting limited volatility but persistent downward bias.
Adding to the complexity, the stock did not trade on one of the last 20 trading days, reflecting some erratic trading behaviour. While the stock price remains above its 50-day, 100-day, and 200-day moving averages, it is currently trading below its 5-day and 20-day moving average...
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