Race Eco Chain Ltd Faces Intensified Selling Pressure Amid Consecutive Losses

Feb 20 2025 10:35 AM IST
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Race Eco Chain Ltd is experiencing notable selling pressure, with consecutive days of losses impacting investor sentiment. The stock has underperformed significantly compared to the Sensex over various timeframes, reflecting a bearish trend as it remains above its 5-day moving average but below longer-term averages.
Race Eco Chain Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, reflecting a troubling trend for investors. In the last trading session, Race Eco Chain Ltd declined by 2.99%, starkly contrasting with the Sensex, which fell by only 0.32%. Over the past week, the stock has lost 1.00%, while the Sensex decreased by 0.58%.

The performance over a longer timeframe reveals a more pronounced decline, with Race Eco Chain Ltd down 14.52% in the past month compared to the Sensex's 1.78% drop. Over three months, the stock has decreased by 19.16%, while the Sensex has only seen a 2.42% decline. Year-to-date, Race Eco Chain Ltd is down 23.42%, significantly underperforming the Sensex, which has declined by just 3.12%.

In terms of price summary, the stock is currently above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The ongoing selling pressure may be attributed to various market dynamics affecting investor sentiment.
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