Abhinav Capital Services Faces Intense Selling Pressure Amidst Significant Price Declines

Abhinav Capital Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded consecutive days of losses, reflecting a troubling trend for investors. On a one-day basis, Abhinav Capital Services has declined by 3.20%, significantly underperforming the Sensex, which fell by only 0.31%. Over the past week, the stock has dropped 3.93%, while the Sensex has seen a modest decline of 0.43%.
In the longer term, the performance of Abhinav Capital Services has been concerning. Over the past year, the stock has plummeted by 37.63%, contrasting sharply with the Sensex's gain of 10.90%. Year-to-date, the stock is down 17.69%, while the Sensex has risen by 5.04%. The three-year performance shows a decline of 8.09%, compared to the Sensex's impressive 55.47% increase.

Today's trading session saw the stock reach an intraday low of Rs 120.2, down 3.84%. Additionally, Abhinav Capital is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The stock has also exhibited erratic trading patterns, having not traded on one day out of the last 20. These factors collectively contribute to the ongoing selling pressure faced by Abhinav Capital Services Ltd.