Checkpoint Trends Ltd Faces Selling Pressure with 1.99% Decline Amidst Strong Previous Gains

Checkpoint Trends Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend is particularly notable as the company has experienced consecutive days of losses, marking a shift from its previous strong performance. Today, Checkpoint Trends Ltd declined by 1.99%, contrasting sharply with the Sensex, which gained 0.72%.
Despite this recent downturn, the stock has demonstrated remarkable growth over the past year, with a staggering 275.79% increase compared to the Sensex's 3.78%. Over the last three years, Checkpoint Trends has surged by 1528.77%, significantly outperforming the Sensex's 43.93% during the same period.

The stock reached a new 52-week high of Rs. 61.87 today, but has since traded at this price without any range fluctuations. The company has been on a remarkable upward trajectory, gaining 42.49% over the last 18 days prior to this selling pressure. Factors contributing to the current selling trend may include profit-taking after substantial gains and market corrections, as the stock remains above its key moving averages.