Recent Price Movement and Market Context
The stock has been on a downward trajectory over the past two days, registering a cumulative loss of 6.6%. On 06-Feb, it opened with a gap down of 2.72%, signalling immediate selling pressure from the outset of trading. Intraday, the share price touched a low of ₹526.25, representing a 4.66% decline from the previous close, with the weighted average price indicating that a larger volume of shares traded closer to this lower price point. This suggests that sellers dominated the session, pushing prices downward as buyers remained hesitant.
From a technical standpoint, Swelect Energy’s current price sits above its 5-day moving average but remains below its 20-day, 50-day, 100-day, and 200-day moving averages. This positioning indic...
Read full news article












