Thakral Services Faces Intense Selling Pressure Amid Consecutive Losses and Price Declines

Thakral Services (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a decline of 3.95% in this period. In today's trading session, Thakral Services fell by 1.99%, underperforming the Sensex, which gained 0.34%.
Over the past week, the stock has dropped 3.95%, while the Sensex remained relatively stable with a 0.07% increase. The month-to-date performance reveals a stark decline of 24.06% for Thakral Services, contrasting sharply with the Sensex's minor drop of 0.52%. Despite a remarkable one-year performance of 391.25%, the recent trend indicates a troubling shift.

Factors contributing to the selling pressure may include erratic trading patterns, as the stock did not trade on four out of the last 20 days. Additionally, the stock has opened at 64.01 and has remained at this price without significant movement. 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 potential volatility in the short term.