Saraswati Commercial Faces Intense Selling Pressure Amid Significant Price Declines

Saraswati Commercial (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a loss of 1.81% in its one-day performance, notably underperforming the Sensex, which declined by just 0.09%. This marks a continuation of a downward trend, as the stock has experienced consecutive days of losses following a brief period of gains.
Over the past week, Saraswati Commercial has seen a decline of 1.88%, contrasting sharply with the Sensex's gain of 3.31%. In the last three months, the stock has plummeted by 27.96%, while the Sensex has remained relatively stable with a decrease of only 0.67%. Despite a strong performance over the past year, where the stock surged by 140.79%, its year-to-date performance reveals a stark decline of 37.77%, compared to the Sensex's minor drop of 0.24%.

The stock opened at 12,200 and has traded at this price without significant fluctuations. It is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages. The recent trend reversal and lack of buying interest may be contributing factors to the ongoing selling pressure.