Ceejay Finance Faces Intense Selling Pressure Amid Significant Price Declines

Ceejay Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.98% in its one-day performance, contrasting sharply with the Sensex, which has gained 0.09% during the same period. Over the past week, Ceejay Finance has dropped 8.66%, while the Sensex has risen by 0.31%.
The stock's performance over the last month shows a slight increase of 0.50%, but this is overshadowed by a staggering 43.07% decline over the past three months. Year-to-date, Ceejay Finance has plummeted 41.51%, compared to the Sensex's modest gain of 2.85%.

Several factors may be contributing to this selling pressure, including erratic trading patterns, as the stock did not trade on two days out of the last 20. Today, it opened with a gap down of 4.81%, reaching an intraday low of Rs 171.1. While the stock is currently above its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.