Technical Momentum Shifts Amidst Market Challenges
Technical Momentum and Price Movement
TIL’s current price stands at ₹266.95, marginally below the previous close of ₹267.15. The stock’s intraday range has fluctuated between ₹262.75 and ₹267.85, indicating a relatively narrow band of price movement. Over the past week, TIL recorded a modest return of 0.41%, contrasting with the Sensex’s decline of 0.40% during the same period. However, the one-month return for TIL shows a contraction of 5.07%, while the Sensex remained relatively stable with a slight dip of 0.23%.
Year-to-date figures reveal a decline of 7.95% for TIL, juxtaposed against an 8.12% gain in the Sensex, highlighting a divergence from broader market trends. Over the one-year horizon, TIL’s return stands at…
