Reliance Home Finance Faces Intense Selling Pressure Amid Significant Price Declines

Reliance Home Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past 15 days, resulting in a notable loss of 25.26% during this period. Today, Reliance Home Finance Ltd reported a performance drop of 1.84%, contrasting sharply with the Sensex, which gained 0.41%.
In the past week, the stock has declined by 9.15%, while the Sensex remained nearly flat with a change of -0.01%. Over the last month, however, Reliance Home Finance has shown a positive performance of 4.64%, outperforming the Sensex's 3.73% gain. Despite this recent uptick, the stock's longer-term performance reveals a mixed picture; it has risen 65.54% over the past three months compared to the Sensex's 9.77% increase.

The stock's current price is above its 50-day, 100-day, and 200-day moving averages, yet it is below its 5-day and 20-day moving averages, indicating a potential shift in momentum. The ongoing selling pressure may be attributed to various market dynamics, including investor sentiment and broader economic factors affecting the housing finance sector.