Rajoo Engineers Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock Performance
Rajoo Engineers Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. In the last two days, it has dropped nearly 8%, contrasting sharply with the Sensex's minor decrease. The stock is trading below multiple moving averages, indicating a bearish trend.
Rajoo Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.99% in just one day, marking a total drop of 7.96% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.17% today.Over the past week, Rajoo Engineers has seen a decline of 7.79%, while the Sensex has gained 1.37%. The stock's performance over the past month is particularly concerning, with a drop of 30.02% compared to the Sensex's modest decline of 3.02%. In the last three months, Rajoo Engineers has plummeted by 55.84%, against the Sensex's decrease of 9.24%.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The day's low for Rajoo Engineers was Rs 110, reflecting a decline of 4.51%. These trends suggest a challenging environment for the company, contributing to the ongoing selling pressure.
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