Naturite Agro Products Faces Intense Selling Pressure Amid Consecutive Losses

Naturite Agro Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 4.99% in today's trading session. This performance starkly contrasts with the Sensex, which has only dipped by 0.11% today. Over the past week, Naturite Agro Products has experienced a loss of 9.19%, while the Sensex has gained 0.80%.
In the last month, the stock has declined by 8.78%, compared to a 5.91% increase in the Sensex. Despite a strong performance over the past three months, where Naturite Agro Products surged by 152.35%, the recent trend indicates a shift in market sentiment. The stock opened today at Rs 303.95, hitting an intraday low of the same price, and has not shown any range in trading.

Factors contributing to the selling pressure may include erratic trading patterns, as the stock did not trade on three days out of the last 20. While it remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a potential shift in momentum.