Short-Term Price Movement and Market Reaction
Sudal Industries opened the trading session with a gap down of 2.6%, setting a bearish tone for the day. The stock further slid to an intraday low of ₹73.32, representing a 4.78% decline from the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated throughout the session. This underperformance was also evident when compared to its sector, with Sudal Industries lagging by 5.44% on the day.
Adding to the bearish sentiment, the stock’s price currently sits below its short- and medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages, although it remains above the 200-day moving average. This techni...
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