Fine Line Circuits Faces Intense Selling Pressure Amid Significant Price Declines

Fine Line Circuits Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 3.82% today, contrasting sharply with the Sensex, which has remained relatively stable with a marginal gain of 0.01%. Over the past week, Fine Line Circuits has lost 12.68%, while the Sensex has gained 1.64%.
The stock's performance over the past month is particularly concerning, with a drop of 32.41% compared to the Sensex's increase of 2.71%. This trend of consecutive losses has persisted, as Fine Line Circuits has now recorded two consecutive days of declines, totaling a 7.33% loss during this period.

Today, the stock hit a new 52-week low of Rs. 72.15, opening with a gap down of 4.94%. It is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The erratic trading pattern, with the stock not trading on two days out of the last 20, may also contribute to the heightened selling pressure observed.