Longview Tea Company Faces Intense Selling Pressure Amid Continued Price Declines

Longview Tea Company Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the company has underperformed the broader market consistently. Over the past week, Longview Tea has declined by 0.12%, while the Sensex has gained 3.72%. The disparity is even more pronounced over the month, with Longview Tea down 2.96% compared to the Sensex's 3.49% increase.
In the longer term, the stock has seen a 23.56% decline over the past year, while the Sensex has risen by 8.07%. Year-to-date, Longview Tea's performance is down 30.36%, contrasting sharply with the Sensex's modest gain of 1.86%. The stock's performance over three years shows a gain of 17.61%, but this pales in comparison to the Sensex's 39.15% increase.

Factors contributing to the selling pressure may include erratic trading patterns, as the stock did not trade on one day out of the last 20. Additionally, while the stock is trading higher than its 50-day moving average, it remains below its 5-day, 20-day, 100-day, and 200-day moving averages, indicating a potential lack of momentum.