Intraday Price Movement and Market Sentiment
TCM Ltd opened the trading session with a gap down of 2.07%, setting a bearish tone for the day. The stock further slid to touch an intraday low of ₹68.74, marking a 4.92% decline by the market close. The weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, suggesting selling pressure dominated throughout the session. This intraday weakness was also reflected in the stock’s underperformance relative to its sector, lagging by 4.57% on the day.
Technical Indicators and Moving Averages
From a technical standpoint, TCM’s current price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, which generally signals a longer-term bullish tre...
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