Recent Price Movements and Market Context
The stock’s fall on 09-Jan followed two consecutive days of gains, signalling a trend reversal that has left investors cautious. Intraday, the share price touched a low of ₹80.65, representing a 5.45% decline from the previous close. Notably, the weighted average price indicates that a larger volume of shares traded near the day’s low, suggesting selling pressure dominated the session. Zodiac Clothing Company Ltd is currently 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.
The stock is also hovering close to its 52-week low, just 1.69% above the lowest price of ₹80.5 recorded over the past year. This proximity to the annual low ...
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