Chartered Logistics Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Chartered Logistics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a decline of 13.62% during this period. In terms of daily performance, Chartered Logistics has dropped by 4.92%, starkly contrasting with the Sensex, which has only decreased by 0.45%.
Over the past week, the stock has underperformed the broader market, with a weekly loss of 13.62% compared to the Sensex's decline of 2.13%. The one-month performance reveals a more pronounced downturn, with Chartered Logistics down 31.07% against the Sensex's 5.60% drop. Year-to-date, the stock has plummeted by 34.25%, while the Sensex has seen a more modest decline of 6.75%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The logistics sector itself has also faced challenges, with a sector-wide decline of 2.52%. These factors collectively contribute to the heightened selling activity surrounding Chartered Logistics Ltd.