Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past five consecutive trading days, cumulatively losing 3.59% over this period. Despite outperforming its sector, Dyes & Pigments, which fell by 2.43% on the same day, Sudarshan Chem’s share price touched an intraday low of ₹970.50, marking a 2.58% drop. Notably, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.
Investor participation has shown some increase, with delivery volumes rising by 40.87% on 5 December compared to the five-day average, indicating heightened trading activity. However, this has not translated into price support, as liquidity remains moderate w...
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