Chandrima Mercantiles Faces Intense Selling Pressure Amid Consecutive Losses

May 20 2025 11:25 AM IST
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Chandrima Mercantiles Ltd is experiencing notable selling pressure, with the stock showing only sellers today and a recent decline of 3.96%. Despite a strong one-year performance, year-to-date figures reveal a significant drop. The stock's current position indicates mixed performance relative to its moving averages, suggesting changing market sentiment.
Chandrima Mercantiles 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 total decline of 3.96%. Today, the stock opened with a gap down of 2%, reaching an intraday low of Rs 49.52.

In terms of performance, Chandrima Mercantiles has underperformed relative to the Sensex, which has seen a modest decline of 0.25% today. Over the past week, however, the stock had a notable gain of 10.04%, contrasting with the Sensex's increase of 0.87%. Despite a strong one-year performance of 307.91%, the year-to-date figures reveal a decline of 41.31%, while the Sensex has gained 4.75% in the same period.

The stock's current trading position shows it is above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages. This trend may indicate a shift in market sentiment, contributing to the ongoing selling pressure.
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