Technical Momentum Shifts Amid Specialty Chemicals Sector Trends
Technical Momentum and Price Movement
Amal’s current market price stands at ₹637.00, down from the previous close of ₹654.85, marking a day change of -2.73%. The stock’s intraday range has fluctuated between ₹631.00 and ₹657.90, indicating some volatility within the trading session. Over the past 52 weeks, Amal’s price has oscillated between a low of ₹412.00 and a high of ₹1,148.00, underscoring a wide trading band that reflects both growth potential and risk.
The recent shift in technical trend from sideways to mildly bearish suggests a subtle change in investor sentiment. This is further supported by the weekly MACD indicator, which currently signals bearish momentum, while the monthly MACD remains mildly bearish. The…
