Incon Engineers Faces Intense Selling Pressure Amidst Ongoing Price Declines

Incon Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, Incon Engineers has declined by 15.30%, starkly contrasting with the Sensex's modest gain of 3.29%.
In the month, the stock has seen a slight decrease of 3.30%, while the Sensex has risen by 4.46%. Over a three-month period, Incon Engineers has lost 1.71%, compared to the Sensex's decline of just 0.69%. The one-year performance reveals a drop of 0.86% for Incon Engineers, while the Sensex has appreciated by 7.54%.

Year-to-date, Incon Engineers has managed a gain of 5.43%, outperforming the Sensex, which is down 0.27%. However, the longer-term view is concerning, with a staggering 41.44% decline over three years, against the Sensex's 35.86% increase.

The stock's erratic trading pattern, having not traded on one day out of the last 20, and its performance relative to moving averages may also contribute to the current selling pressure.