Jeevan Scientific Technology Ltd Faces Selling Pressure, Declines 4.99% Amid Market Losses

Jeevan Scientific Technology Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling by 4.99% in today's trading session alone. Over the past two days, the stock has declined by a total of 7.44%.
In terms of performance relative to the Sensex, Jeevan Scientific Technology has underperformed significantly. While the Sensex has only dipped by 0.41% today, Jeevan's performance has been notably worse, reflecting a broader trend of selling. Over the past week, the stock has lost 8.99%, contrasting sharply with the Sensex's gain of 0.31%.

Despite a strong performance over the past month, where it surged by 69.91%, the recent downturn raises questions about potential contributing factors to the selling pressure. The stock opened with a loss of 2.02% today and reached an intraday low of Rs 60.13. Although it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a shift in momentum.

Overall, the current trend suggests a challenging environment for Jeevan Scientific Technology as it navigates these recent losses.