Confidence Futuristic Energetech Faces Intense Selling Pressure Amid Consecutive Losses

Confidence Futuristic Energetech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past four days, resulting in a total decline of 7.68% during this period. Today, the stock fell by 2.82%, underperforming the Sensex, which gained 0.51%.
In terms of broader performance, Confidence Futuristic Energetech has seen a decline of 6.51% over the past week and a substantial 15.59% drop in the last month, while the Sensex has risen by 1.75% and 4.12%, respectively. Year-to-date, the stock is down 17.66%, contrasting sharply with the Sensex's slight decline of 0.58%. Over the past year, the stock has lost 27.73%, while the Sensex has gained 6.42%.

The stock's price summary indicates it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend. Today, it reached an intraday high of Rs 77.99 and a low of Rs 73.86, further highlighting the selling pressure in the market.