RDB Real Estate Construction Faces Significant Selling Pressure with 11.36% Loss Over Six Days

RDB Real Estate Construction Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 11.36% during this period. Today, the stock opened with a gap down of 2%, reaching an intraday low of Rs 198.5, and has since traded at this price without any significant range.
In terms of performance, RDB Real Estate Construction has underperformed relative to the Sensex, which has shown a minimal decline of just 0.02% today. Over the past week, RDB has dropped 7.74%, while the Sensex has gained 0.67%. The stock's performance over the last month is also concerning, with a decline of 4.08% compared to a 0.50% increase in the Sensex.

Despite being higher than the 200-day moving averages, RDB's stock is trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a bearish trend. The ongoing selling pressure may be attributed to various market factors, including investor sentiment and broader economic conditions affecting the realty sector.