Arrow Greentech Faces Intense Selling Pressure Amid Sustained Price Declines
Arrow Greentech Ltd is experiencing significant selling pressure, with the stock declining for 11 consecutive days and a total loss of 19.43%. It has underperformed the Sensex over various time frames, including a year-to-date decline of 29.89%, and is trading below multiple moving averages.
Arrow Greentech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 11 days, resulting in a total loss of 19.43% during this period. In today's trading, Arrow Greentech's stock price fell by 1.99%, underperforming the Sensex, which decreased by only 0.11%.Over the past week, Arrow Greentech has seen a decline of 7.75%, while the Sensex has gained 0.38%. The stock's performance over the last month is also concerning, with a drop of 0.97% compared to the Sensex's impressive rise of 10.14%. In the longer term, Arrow Greentech's performance has been notably poor, with a year-to-date decline of 29.89%, contrasting sharply with the Sensex's gain of 3.09%.
The stock is currently trading at 553.55, having opened at this price with no significant range observed. Additionally, Arrow Greentech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. These factors collectively contribute to the heightened selling pressure observed in the stock.
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