Technical Momentum Shifts Amid Mixed Indicators
Price Movement and Market Context
The stock closed at ₹166.10, down from the previous close of ₹169.80, marking a day change of -2.18%. Intraday, the price fluctuated between ₹165.05 and ₹170.25, remaining below its 52-week high of ₹192.30 but comfortably above the 52-week low of ₹119.00. This price behaviour suggests a consolidation phase after recent volatility.
Comparatively, CESC’s returns over various periods show a divergence from the broader Sensex index. Over the past week, the stock recorded a return of -0.81%, while the Sensex posted a modest gain of 0.20%. The one-month return for CESC stands at -5.49%, contrasting with the Sensex’s -0.46%. Year-to-date, CESC’s return is -10.60%, whereas the Sensex has gained…
