Recent Price Movement and Technical Indicators
Veer Energy's share price hit a new 52-week low of ₹14.56 on the day, signalling sustained downward pressure. The stock has been on a consecutive two-day losing streak, with a cumulative decline of 3.88% during this period. This short-term weakness is compounded by the fact that the stock is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such a technical positioning typically indicates a bearish trend, discouraging short-term traders and investors from entering or holding positions.
Comparative Performance Against Benchmarks
When analysed against the broader market, Veer Energy's performance has been notably poor. Over the past week, the ...
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