Technical Momentum Shifts Amid Mixed Signals in Garments & Apparels Sector
Technical Trend Overview and Price Movement
VTM’s current price stands at ₹87.90, down from the previous close of ₹89.72, marking a day change of -2.03%. The stock’s intraday range has fluctuated between ₹85.24 and ₹90.01, indicating moderate volatility within the session. Over the past 52 weeks, VTM has traded between a low of ₹34.01 and a high of ₹122.65, highlighting a broad trading range and significant price appreciation over the year.
The recent shift in technical trend from mildly bullish to sideways suggests a consolidation phase, where the stock is experiencing a pause in directional momentum. This phase often precedes a decisive move, either resuming the prior trend or reversing it, depending on forthcoming…
