Raj Television Network Faces Intense Selling Pressure Amid Notable Price Declines

Raj Television Network Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a notable decline of 4.88% in its performance, starkly contrasting with the Sensex, which has only dipped by 0.41%. This marks a continuation of consecutive losses, as the stock has also fallen by 3.56% over the past week, while the Sensex has decreased by 1.68%.
In the broader context, Raj Television Network's performance over the last month shows a modest gain of 1.75%, but this is overshadowed by the Sensex's stronger performance of 4.40%. Over three months, the stock has outperformed the Sensex, gaining 5.58% compared to the index's decline of 3.69%. However, the recent trend indicates a shift, with the stock underperforming its sector by 5.12% today.

The stock touched an intraday low of Rs 81.2, reflecting a 5% drop. While it remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages. This divergence may indicate a shift in market sentiment, contributing to the ongoing selling pressure.