Intraday Performance and Market Context
Vibhor Steel’s shares touched an intraday high of ₹134.10, marking a 5.97% increase by 09:20 PM on 15 December. This gain significantly outperformed its sector peers by 5.73%, indicating a strong relative momentum in the steel tubes segment on that day. The stock’s price also surpassed its 5-day and 20-day moving averages, signalling short-term bullishness. However, it remained below the 50-day, 100-day, and 200-day moving averages, suggesting that the broader trend may still be under pressure.
Despite the positive price action, the weighted average price data reveals that a larger volume of shares traded closer to the day’s low price, which could imply some underlying selling pressure or cautious buying. Additionally, investor p...
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