Rajkamal Synthetics Faces Intense Selling Pressure Amid Significant Price Declines

Rajkamal Synthetics Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive days of losses, reflecting a troubling trend for investors. In the last day, Rajkamal Synthetics declined by 4.29%, contrasting sharply with the Sensex, which gained 0.71%. Over the past three months, the stock has plummeted by 38.05%, while the Sensex has risen by 4.31%.
Year-to-date, Rajkamal Synthetics has seen a staggering decline of 43.31%, compared to the Sensex's modest gain of 1.24%. Despite a strong performance over the past five years, where the stock surged by 675.86%, recent trends indicate a significant downturn. The stock opened today at Rs 36.24, reaching an intraday high of Rs 36.24, but has not shown any range in trading since. Additionally, it is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, further highlighting the ongoing selling pressure.