Recent Price Movement and Volatility
The stock has been on a losing streak for two consecutive days, registering an 8.23% decline over this period. On the day in question, Swelect Energy experienced heightened volatility, with an intraday price range of ₹59.8 and an intraday volatility of 6.06%. The share price touched a low of ₹594, marking a 9.75% drop from previous levels. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure dominating the session.
Technical Indicators and Moving Averages
From a technical standpoint, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread weakness ...
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