Recent Price Movement and Market Context
Super Tannery Ltd’s sharp rise on 01-Feb stands out against a backdrop of mixed performance over various time frames. While the stock has surged 14.05% in the past week, it remains down marginally by 0.58% over the last month and 1.16% year-to-date. This contrasts with the broader Sensex, which has declined by 1.00% over the week and 5.28% year-to-date, highlighting the stock’s relative resilience in recent sessions despite longer-term challenges.
The stock’s recovery after two consecutive days of losses suggests a short-term trend reversal, supported by its current trading price being above the 5-day, 20-day, and 50-day moving averages. However, it remains below the 100-day and 200-day averages, indicating that while momentum i...
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