Indsil Hydro Power & Manganese Continues Significant Downtrend

Hydroworld reported that shares of Indsil Hydro Power & Manganese (BSE:522165) declined for a second straight day.

As quoted in the market news:

The price was down on higher volume today. There have been four such events of Distribution in the last three weeks. Combined with the fact that the last price of Rs26.40 was lower than today’s mid-bounce price [average of price high and price low] of 26.6 is a bearish signal.

Click here to read the full Hydroworld report.