Technical Momentum Drives Price Upswing
Veefin Solutions’ price action on 08-Dec demonstrated a clear trend reversal, breaking a two-day losing streak with a robust gain of ₹28.15. The stock outperformed its sector by 8.42%, signalling renewed investor interest and confidence. Intraday, the share price touched a high of ₹379, representing an 8.64% increase from the previous close, underscoring strong buying pressure during the session.
Notably, the stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often acts as a bullish indicator, suggesting that the stock has regained upward momentum and may attract further buying from traders who monitor these signals.
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