Chartered Capital & Investment Faces Selling Pressure with 4.97% Decline Amid Four-Day Loss Streak

Chartered Capital & Investment Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.97% in just one day, contrasting sharply with the Sensex, which has gained 0.23% during the same period. This marks the fourth consecutive day of losses for Chartered Capital, resulting in an overall decline of 18.48% over the past week.
Despite a strong performance over the longer term, with a 522.69% increase over the past five years, the recent trend indicates a shift in market sentiment. The stock opened today at Rs 337.5, reflecting a gap down from previous levels, and has since remained at this price, reaching an intraday low of Rs 337.5.

Chartered Capital's performance metrics reveal that it has underperformed its sector by 5.02% today. While the stock has shown positive returns over the past month and year, the recent selling pressure could be attributed to various factors, including market volatility and investor sentiment shifts. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, yet it is currently below its 5-day moving average, indicating a potential short-term trend reversal.