Automobile Corporation Of Goa Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Apr 03 2025 11:25 AM IST
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Automobile Corporation Of Goa Ltd is experiencing significant selling pressure, with the stock declining after three days of gains. Over the past three months, it has dropped 40.43%, and 42.15% over the past year, contrasting with the Sensex's modest gain. The stock is trading below several key moving averages.
Automobile Corporation Of Goa Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a decline of 2.00%, underperforming the Sensex, which is down by 0.40%. This marks a notable trend reversal, as the stock has fallen after three consecutive days of gains.

In terms of performance over the past week, Automobile Corporation Of Goa Ltd has gained 1.47%, while the Sensex has declined by 1.67%. However, the stock's longer-term performance reveals concerning trends, with a staggering 40.43% drop over the past three months and a 42.15% decline over the past year, contrasting sharply with the Sensex's modest gain of 3.30% during the same period.

The stock opened with a gap down today at Rs 1287.75 and reached an intraday low of Rs 1287.75, indicating a lack of upward momentum. Additionally, while the stock is currently trading above its 20-day moving average, it remains below its 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The combination of these factors contributes to the ongoing selling pressure faced by Automobile Corporation Of Goa Ltd.
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