National Plastic Technologies Ltd Faces Selling Pressure, Declines 4.99% Amid Four-Day Loss Streak

National Plastic Technologies Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 16.46% during this period. Today, the stock fell by 4.99%, underperforming the Sensex, which decreased by only 0.68%.
In the past week, National Plastic Technologies has seen a decline of 11.83%, while the Sensex dropped by 2.23%. Over the last month, however, the stock managed to gain 13.03%, contrasting with the Sensex's slight decrease of 0.58%. Despite this recent uptick, the longer-term performance reveals a troubling trend, with the stock down 28.51% over the past year compared to the Sensex's 4.71% decline.

The stock's price summary indicates it reached an intraday high of Rs 284.95 but fell to a low of Rs 264.5. While the stock remains above its 20-day, 50-day, and 100-day moving averages, it is currently below its 5-day and 200-day moving averages. This performance suggests a challenging environment for National Plastic Technologies, with potential contributing factors to the selling pressure warranting further investigation.