Longview Tea Faces Intense Selling Pressure Amid Continued Price Declines and Losses

Longview Tea Company Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a notable decline of 5.00%, starkly contrasting with the Sensex's modest drop of 0.81%. This marks a continuation of a troubling trend, as Longview Tea has experienced consecutive days of losses, contributing to a year-to-date decline of 32.69%, while the Sensex has gained 4.32% over the same period.
In terms of performance metrics, Longview Tea's one-month performance stands at a mere 0.61%, significantly lagging behind the Sensex's 2.90% increase. Over the past year, the stock has plummeted by 28.33%, while the Sensex has risen by 8.12%. The stock's erratic trading pattern is evident, having not traded on one day out of the last 20. Today, it opened with a gap down at Rs 33.25, reaching an intraday low of the same price, indicating a lack of upward momentum.

Longview Tea is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling pressure in the market.