Recent Price Movement and Trend Reversal
After five consecutive days of gains, the stock reversed course on 12 December, signalling a shift in momentum. The decline of ₹0.04, representing a 5.48% drop, contrasts with the broader market's modest positive performance over the past month, where the Sensex gained 0.95%. This divergence suggests that Trio Mercantile & Trading Ltd is underperforming relative to benchmark indices and its sector peers.
Technical Indicators Point to Weakness
Technical analysis reveals that the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typically indicates a bearish trend and suggests that short-term and long-term investor confid...
Read More












