Patanjali Foods share price crashes 20%, extends its losses for third session; What should investors do?

Patanjali Foods share price crashed about 19.5 percent to a 52-week low of around Rs 328 on the BSE, extending losses for a third consecutive session amid heavy selling of nearly 2.6 crore equity shares (around 2.43 percent of total equity), or more than six times the stock's average trading volume, with elevated delivery volumes indicating substantial institutional participation. Technical analysts flagged a major consolidation breakdown on the daily chart, with RSI breaking down and the stock trading below the lower Bollinger Band, suggesting further downside towards the Rs 310 level if the immediate support zone of Rs 325-330 is breached. The stock has declined 42 percent over the past year and 21 percent in the last month.