Kridhan Infra Faces Intense Selling Pressure Amidst Ongoing Price Declines and Losses

Kridhan Infra 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 over the past week, with a loss of 3.65%, and has now recorded 11 consecutive days of losses. In terms of performance relative to the Sensex, Kridhan Infra's one-day performance is down 1.69%, while the Sensex has only dipped by 0.39%.
Over the past month, Kridhan Infra has seen a decline of 5.17%, compared to a slight decrease of 3.02% in the Sensex. Year-to-date, the stock has plummeted by 27.12%, contrasting sharply with the Sensex's gain of 3.55%. The long-term performance also reveals a troubling trend, with a staggering 94.99% drop over the past decade, while the Sensex has surged by 188.25%.

Factors contributing to the selling pressure may include broader market trends, company-specific challenges, or shifts in investor sentiment. The stock's current price is above the 100-day moving average but remains below the 5-day, 20-day, 50-day, and 200-day moving averages, indicating a potential trend reversal after a prolonged period of decline.