Recovering some of the losses, the stock ended today’s trading session 4.2% lower at INR 554 on BSE
The stock has ended in the red in four out of the last seven trading sessions
Rupak De, senior technical analyst at LKP Securities highlighted that the stock has fallen below the crucial 50 EMA (Exponential Moving Average)
Shares of Brainbees Solutions, the parent company of kids-focussed omnichannel retailer FirstCry, tumbled over 4.6% to INR 552 on BSE during the intraday trading today (January 9).
The shares have been on a falling streak after it touched INR 653.9 on January 2. The stock has ended in the red in four out of the last seven trading sessions.
Recovering some of the losses, the stock ended today’s trading session 4.2% lower at INR 554 on BSE.
Rupak De, senior technical analyst at LKP Securities highlighted that the stock has fallen below the crucial 50 EMA (Exponential Moving Average).
“While the sentiment appears weak, a minor pullback cannot be ruled out following the sharp decline. Resistance levels are seen at INR 580-INR 600, while a drop below INR 540 could trigger further correction,” said De.
(The story will be updated soon)
