Epic Energy Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Epic Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, resulting in an overall decline of 8%. Today, the stock fell by 4.22%, significantly underperforming the Sensex, which decreased by only 0.35%.
In the context of recent performance, Epic Energy has shown mixed results. Over the past week, the stock gained 1.03%, while the Sensex fell by 1.23%. However, on a monthly basis, Epic Energy has declined by 3.69%, contrasting with the Sensex's increase of 0.82%. Year-to-date, the stock is down 39.62%, while the Sensex has risen by 3.87%.

The stock's price summary indicates it touched an intraday low of Rs 69.72, reflecting a drop of 5.14%. Despite being higher than the 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages. This trend suggests a potential shift in market sentiment, contributing to the ongoing selling pressure.