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Shashank Gupta

16th Mar · SEBI-Registered Analyst

DALBHARAT

For investors, the combination of rising open interest and subdued price action warrants caution. The technical weakness and falling delivery volumes suggest limited conviction behind the recent uptick in price, while the increased derivatives activity may be signalling heightened uncertainty or divergent views on the stock’s direction. Investors should closely monitor changes in open interest alongside price movements to discern whether fresh buying or selling pressure is dominating. Given the current Sell rating and the stock’s underperformance relative to the cement sector, a conservative approach may be prudent until clearer directional signals emerge.

#TechnicalViews
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