Recent Price Movement and Market Context
Zodiac Clothing’s shares opened the day with a gap down of 2.91%, signalling immediate selling pressure from the outset of trading. Throughout the day, the stock touched an intraday low of ₹88.80, representing a 5.53% decline from the previous close. This intraday weakness underscores the bearish sentiment prevailing among investors. The stock’s performance today notably underperformed its sector by 3.86%, indicating that the decline is not merely a sector-wide phenomenon but specific to Zodiac Clothing’s shares.
Technical Indicators and Trading Activity
From a technical standpoint, Zodiac Clothing is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averag...
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