Polycon International Faces Intense Selling Pressure Amid Consecutive Trading Losses

Polycon International Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend is underscored by consecutive days of losses, as the stock has experienced a decline over the past few trading sessions. Despite this, Polycon International has outperformed the Sensex in various time frames, including a 4.80% increase today compared to the Sensex's slight decline of 0.06%.
In the past week, the stock has gained 4.22%, while the Sensex fell by 0.47%. Over the last month, Polycon International has surged by 42.36%, significantly outpacing the Sensex's 3.25% rise. However, its performance over the last three months shows a modest gain of 8.40%, lagging behind the Sensex's 9.26% increase.

Several factors may be contributing to the current selling pressure, including erratic trading patterns, as the stock did not trade on two days out of the last 20. The stock opened with a gain of 4.98% today and reached an intraday high of Rs 28.45, but has traded within a narrow range of Rs 0.05. Despite the recent volatility, Polycon International remains above its moving averages across various time frames, indicating a complex market position.