Persistent Downward Momentum
Waa Solar’s stock price fell by 6.44% on 08-Dec, closing at ₹45.00, marking a continuation of losses over the past five trading sessions. During this period, the stock has declined by approximately 18%, a stark contrast to the modest 0.63% fall in the Sensex over the same week. This persistent weakness has culminated in the stock reaching its lowest level in a year, signalling heightened selling pressure among investors.
The weighted average price for the day indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session. This selling pressure is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, w...
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