Intraday Price Movement and Volatility
On the day in question, the stock opened with a gap up of 3.75%, reaching an intraday high of ₹24.90, signalling initial optimism among investors. However, this positive momentum was short-lived as the share price plunged to an intraday low of ₹21.62, representing a decline of nearly 9.92% from the opening price. The stock traded within a wide range of ₹3.28, reflecting high volatility with an intraday volatility measure of 7.05%. Notably, the weighted average price indicated that more volume was traded closer to the lower end of the price range, suggesting selling pressure dominated the session.
Adding to the bearish sentiment, Unjha Formulations is currently trading below all key moving averages, including the 5-day, 20-day, 50-...
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