Recent Price Movement and Market Performance
On 05-Dec, Gamco Ltd opened with a gap down of 2%, signalling immediate selling pressure. The stock has now declined for two consecutive sessions, losing 4.46% over this period. Intraday, it touched a low of ₹38, representing a 5% drop from previous levels, with heavier trading volume concentrated near this low price point. This indicates that sellers dominated the session, pushing the price lower. Furthermore, the stock is trading below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — underscoring a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 04-Dec falling by over 52% compared to the five-day average, suggesting reduced confidence ...
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