Technical Momentum Shifts Amid Market Challenges
Technical Momentum and Price Action Overview
The stock price of PDS closed at ₹339.15, down from the previous close of ₹353.90, marking a daily decline of 4.17%. The intraday range saw a high of ₹349.85 and a low of ₹338.90, indicating some volatility within the session. The 52-week price range extends from ₹290.00 to ₹658.15, highlighting significant price variation over the past year.
Technical trend analysis has shifted from mildly bearish to bearish, signalling a more cautious outlook among traders and investors. This shift is underscored by the daily moving averages, which currently present a bearish alignment, suggesting downward pressure in the short term.
MACD and Momentum Indicators
The Moving Average Convergence…
