Intraday Volatility and Price Movement
On the day in question, South Indian Bank hit a new 52-week and all-time high of ₹41.65, reflecting strong investor interest earlier in the session. However, the stock reversed sharply after three consecutive days of gains, closing near its intraday low of ₹37.50, marking an 8.67% drop from the peak. The stock traded within a wide range of ₹4.15, indicating significant price swings and heightened volatility, with an intraday volatility of 6.63% based on the weighted average price. Notably, more volume was traded closer to the lower price levels, suggesting selling pressure intensified as the day progressed.
Technical Indicators and Market Participation
Technically, the stock remains above its 50-day, 100-da...
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