Short-Term Price Movement and Market Context
Timex Group’s shares have underperformed the broader market and its sector peers in recent sessions. Over the past week, the stock declined by 2.93%, contrasting with the Sensex’s modest gain of 0.87%. The one-month performance is even more pronounced, with the stock falling 14.12% while the Sensex rose 2.03%. This short-term weakness is reflected in the stock’s intraday low of ₹322.4 on 01-Dec, marking a 4.77% drop from previous levels. The weighted average price indicates that a larger volume of shares traded near this low, suggesting selling pressure.
Technical indicators reveal that while the stock remains above its 100-day and 200-day moving averages, it is trading below its 5-day, 20-day, and 50-day averages. This posi...
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