Longview Tea Company Faces Intensified Selling Pressure Amid Ongoing Price Declines

Longview Tea Company Ltd is currently facing significant selling pressure, with only sellers active in the market today. This trend marks a continuation of consecutive days of losses for the microcap trading company. Over the past week, Longview Tea has declined by 4.04%, while the Sensex has shown a modest gain of 0.85%. The one-month performance reflects a similar pattern, with Longview Tea down 6.77% compared to the Sensex's increase of 1.55%.
In the three-month period, Longview Tea's performance has deteriorated by 9.23%, contrasting sharply with the Sensex's rise of 3.98%. Over the past year, the stock has plummeted by 24.89%, while the Sensex has gained 6.57%. Year-to-date, Longview Tea has seen a decline of 33.10%, against the Sensex's slight increase of 1.39%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the broader trading sector has experienced a decline of 2.81%, which may be contributing to the selling pressure on Longview Tea Company.