Technical Momentum Shifts Amid Mixed Indicators
Technical Trend and Price Movement
Recent market activity for VTM reveals a downward adjustment in price momentum. The stock closed at ₹73.84, down from the previous close of ₹77.72, marking a day change of -4.99%. The intraday range saw a low of ₹73.84 and a high of ₹80.00, indicating some volatility within the session. Over the past 52 weeks, VTM’s price has fluctuated between ₹48.06 and ₹122.65, highlighting a wide trading band that reflects both growth potential and risk.
From a broader perspective, the stock’s return profile compared to the Sensex shows mixed results. While VTM’s one-week return registered a decline of 15.31%, the Sensex recorded a positive 0.87% over the same period. However, over longer horizons,…
