It is also a parameter for selecting stock apart from other technical parameters.
Certainly, the price of a stock is an important factor to consider before getting into any trade. This shortlist based on price - is it for intraday trading or delivery based trading?
I am interested in delivery trade and for BTST. I m interested in filtering data by closing day price and %change in price. It helps in figuring out next day gap up or gap down price.
In terns of stocks you always gotta be careful and analyse their profitability and growth.