Raj Television Network Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Raj Television Network Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 11.14%. Today, the stock opened with a gap down of 3.41% and has since fallen by 4.99%, underperforming its sector by 5.59%.
In terms of performance relative to the Sensex, Raj Television Network has consistently lagged behind. Over the past month, the stock has declined by 8.85%, while the Sensex has gained 2.11%. The disparity is even more pronounced over longer periods, with a staggering 65.07% drop in the last year compared to the Sensex's 8.47% increase.

Contributing factors to this selling pressure may include high volatility, as evidenced by an intraday volatility of 7.09%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The intraday price range has seen a high of Rs 49.85 and a low of Rs 46.03, reflecting the ongoing challenges faced by the company in the media and entertainment sector.