Intraday Price Movement and Market Context
During the trading session on 30 January, Waaree Technologies Ltd’s shares reached an intraday high of ₹200, marking a 9.5% increase from previous levels. The stock traded within a wide range of ₹18.5, indicating significant volatility throughout the day. Despite this, the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower end of the day’s price spectrum. This dynamic points to some profit-taking or cautious trading near the highs, even as the overall trend remained positive.
From a technical perspective, the stock price currently sits above its 5-day moving average, signalling short-term strength. However, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages...
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