Technical Momentum Shifts Amid Mixed Signals in Garments & Apparels Sector
Technical Trend Overview and Price Movement
VTM’s current price stands at ₹69.67, having opened the day at a high of ₹74.70 and a low of ₹69.67, closing below the previous close of ₹73.33. This represents a daily decline of approximately 4.99%. The stock’s 52-week range extends from ₹53.86 to ₹122.65, indicating significant volatility over the past year. The recent shift from a sideways trend to a mildly bearish technical trend suggests a cautious market sentiment, with price momentum showing signs of weakening in the short term.
MACD Signals: Divergent Weekly and Monthly Perspectives
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture for VTM. On a weekly basis, the MACD remains mildly…
