Chartered Capital & Investment Faces Selling Pressure with 4.99% Decline Amid Ongoing Losses

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 4.99% in its performance, contrasting sharply with the Sensex, which has gained 0.53%. This marks the third consecutive day of losses for Chartered Capital, resulting in a total drop of 14.25% over this period.
In the past week, the stock has underperformed, with a decline of 11.41%, while the Sensex has shown a modest increase of 0.35%. Despite a strong performance over the past month, where it rose by 36.54%, the recent trend indicates a shift in market sentiment. The stock opened with a gap down of 4.95% today and reached an intraday low of Rs 355.

The selling pressure may be attributed to various factors, including market volatility and investor sentiment. Notably, the stock has traded within a narrow range of Rs 0.15 today, and while it remains above its longer-term moving averages, it is currently below its 5-day moving average. This trend highlights the challenges facing Chartered Capital & Investment Ltd in the current market environment.