Recent Price Movement and Market Context
Although the stock opened the day with a gap up of 4.01%, reaching an intraday high of ₹140, it ultimately succumbed to selling pressure, falling to an intraday low of ₹130.55 before settling lower. The weighted average price indicates that a greater volume of shares traded closer to the day’s low, signalling bearish sentiment among investors. Furthermore, Source Natural is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained downtrend in the stock’s price momentum.
Investor participation has also waned, with delivery volumes on 28 November dropping by 64.1% compared to the five-day average, suggesting reduced conviction among shareholders. Despite th...
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