Technical Momentum Shifts Amid Mixed Market Signals
Overview of Price Movement and Market Context
The stock closed at ₹168.55, down from the previous close of ₹174.00, marking a daily decline of 3.13%. The intraday range saw a high of ₹173.30 and a low of ₹167.10, indicating some volatility within the session. Over the past 52 weeks, CESC’s price has fluctuated between ₹119.00 and ₹202.50, highlighting a broad trading range that investors have navigated through the year.
When compared to the broader market, represented by the Sensex, CESC’s returns have diverged significantly. Over the past week, the stock recorded a return of -2.12%, while the Sensex posted -0.63%. The one-month period shows a sharper contrast, with CESC at -3.52% against the Sensex’s 2.27%. Year-to-date…
