Nivaka Fashions Ltd Faces Selling Pressure with 4.85% Decline Amid Ongoing Losses

Nivaka Fashions Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline of 4.85% in its stock price, contrasting sharply with the Sensex, which has gained 0.22%. This marks a continuation of a downward trend, as Nivaka Fashions has recorded consecutive losses over the past week, with a total decline of 6.75%, while the Sensex has risen by 1.46% during the same period.
Over the past month, Nivaka Fashions has shown a positive performance of 10.68%, but this is overshadowed by its recent struggles. The stock's performance over three months is a modest 1.36%, significantly lagging behind the Sensex's 5.16% gain. Long-term trends reveal a concerning picture, with a three-year decline of 13.26% and a staggering five-year drop of 58.92%, while the Sensex has surged by 92.83% in that timeframe.

The stock is currently trading below its short-term moving averages but remains above its 200-day moving average, indicating a potential trend reversal after two days of gains. The selling pressure may be attributed to broader market dynamics or company-specific challenges, but the absence of buyers today highlights the prevailing bearish sentiment surrounding Nivaka Fashions.