Technical Momentum Shifts Signal Caution in Auto Components Sector
Technical Momentum and Price Action Overview
The stock price of Kross closed at ₹175.05, marking a modest rise from the previous close of ₹172.15. Intraday trading saw a high of ₹181.85 and a low of ₹169.15, indicating a degree of volatility within the session. Despite this, the 52-week range remains broad, with a high of ₹237.15 and a low of ₹131.15, suggesting that the stock continues to navigate a wide trading band over the longer term.
Examining returns relative to the benchmark Sensex reveals a nuanced picture. Over the past week, Kross recorded a return of 5.74%, contrasting with the Sensex’s decline of 0.40%. Similarly, the one-month return for Kross stood at 3.27%, while the Sensex showed a slight negative return of…
