Technical Momentum Shifts Signal Market Reassessment
Technical Trend Overview and Price Movement
VTM’s stock price closed at ₹73.33, marking a day change of 1.73% from the previous close of ₹72.08. The intraday range spanned from ₹68.50 to ₹74.80, indicating moderate volatility within the trading session. Over the past 52 weeks, the stock has oscillated between a low of ₹53.86 and a high of ₹122.65, underscoring a broad trading band and significant price fluctuations over the year.
The technical trend has shifted from mildly bearish to a sideways stance, suggesting a period of consolidation after previous downward pressures. This sideways movement often indicates market indecision, where neither buyers nor sellers dominate, potentially setting the stage for a directional…
