Thirdwave Financial Intermediaries Faces Intense Selling Pressure Amid Significant Price Declines

Thirdwave Financial Intermediaries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price down by 4.99% in just one day, contrasting sharply with the Sensex, which gained 0.72% during the same period. This marks the 11th consecutive day of losses for Thirdwave, resulting in a staggering total decline of 49.75% over this timeframe.
Over the past week, the stock has dropped 18.47%, and its performance over the last month reveals a staggering 48.70% decrease, while the Sensex has only dipped by 2.15%. Year-to-date, Thirdwave's stock is down 41.26%, significantly underperforming the Sensex, which has seen a decline of 4.84%. Despite a strong performance over the longer term, with a 437.63% increase over three years, the recent trend indicates a troubling shift.

The stock opened today at Rs 100, hitting an intraday low of the same price, and has not shown any range in trading. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the ongoing selling pressure.