Technical analysis of the stock market today, March 9, 2024

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Technical analysis of the stock market today, March 9, 2024

Tehran stock market with the total index was faced with a decrease in prices and the stock value decreased that day. This resulted in many trading symbols being recolored and they were changed to red. The red color indicates a decrease in the price compared to the previous price of the share, and thus indicates a decrease in the value of the investment in the market. This situation is probably due to concerns and intense selling by investors who are selling their stocks due to news and economic conditions. Price declines in the stock market may be caused by economic, political or global factors that have a visible impact on the capital market.

Trading on this day started with a downward trend and continued to increase gradually. In the middle of the day, there was a significant drop and the total index dropped nearly 1,000 units. Stock exchange symbols such as Foulad, Mobeen, Shapna, Shetran, Bafjar, Midco and Shabandar had positive and negative effects on the growth of the total index. According to experts, the market still has growth potential and individual shares of each group have the ability to climb more.