Recent Price Movements and Market Context
Despite opening the day with a positive gap of 2%, the stock failed to sustain early gains and ultimately fell to its intraday low of ₹78. The share price touched a high of ₹81.98 during the session, representing a modest 2.03% increase from the previous close, but selling pressure intensified as the day progressed. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s price range, signalling bearish sentiment among investors.
Moreover, the stock has been on a downward trajectory for two consecutive days, accumulating a loss of 5.55% over this short period. This recent weakness is compounded by the fact that Winsome Textile is trading below all key moving averages, inclu...
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