Confidence Futuristic Energetech Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Confidence Futuristic Energetech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past five days, resulting in a total loss of 11.95% during this period. Today, the stock fell by 6.38%, significantly underperforming the Sensex, which decreased by only 0.45%.
In terms of broader performance, Confidence Futuristic Energetech has seen a 10.49% decline over the past week and a staggering 24.55% drop in the last month. Year-to-date, the stock is down 9.20%, while the Sensex has decreased by 6.75%. Over the past year, the stock has lost 35.66%, contrasting sharply with the Sensex's modest decline of 1.27%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The miscellaneous sector itself has also faced challenges, falling by 3.19%. The stock touched an intraday low of Rs 81.45 today, reflecting the ongoing selling pressure and market sentiment surrounding Confidence Futuristic Energetech Ltd.