Dhruva Capital Services Faces Intense Selling Pressure Amid Significant Yearly Losses

Dhruva Capital Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, Dhruva Capital has declined by 0.08%, while the Sensex has gained 0.25%. The disparity becomes more pronounced over a longer timeframe, with the stock down 55.16% over the past year compared to the Sensex's 7.96% increase.
In terms of recent performance, Dhruva Capital has seen a notable 11.64% rise over the past month, yet this is overshadowed by a 5.61% decline over the last three months. Year-to-date, the stock has plummeted by 50.18%, contrasting sharply with the Sensex's modest gain of 4.16%.

The stock's erratic trading pattern, having not traded on two days out of the last 20, may contribute to the current selling pressure. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, indicating a potential struggle to regain upward momentum.