Recent Price Movement and Market Context
Variman Global’s share price rose by ₹0.19 on 19 December, marking a 2.48% gain for the day. This uptick follows a two-day consecutive gain period during which the stock appreciated by 6.66%. Notably, the stock outperformed its sector by 1.6% on the same day, signalling relative strength within its industry segment. The current price is positioned above its 5-day and 20-day moving averages, indicating short-term bullishness. However, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting that the stock is still facing resistance at longer-term technical levels.
Despite the positive price action, investor participation appears to be waning. Delivery volume on 18 December was 52.78 lakh shares, which represe...
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