My Money Securities Faces Intense Selling Pressure Amid Significant Price Declines

My Money Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past five days, resulting in a total loss of 10.49% during this period. Today, the stock opened with a gap down of 2.51% and reached an intraday low of Rs 23.88, reflecting a decline of 4.97%.
In comparison to the broader market, My Money Securities has underperformed relative to the Sensex, which fell by 1.16% today. Over the past week, the stock has dropped 10.49%, while the Sensex has only decreased by 1.36%. The disparity in performance is even more pronounced over the last month, with My Money Securities down 7.69% compared to the Sensex's gain of 7.53%.

The stock's performance over longer periods also highlights its struggles, with a year-to-date decline of 51.12% against the Sensex's modest increase of 1.62%. Additionally, My Money Securities is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.