Reliance Home Finance Faces Intense Selling Pressure Amidst Significant Price Declines

Reliance Home Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 12 days, resulting in a total loss of 20.79% during this period. Today, the stock fell by 1.90%, underperforming the Sensex, which decreased by only 0.30%.
In the past week, Reliance Home Finance has seen a notable decline of 9.21%, contrasting sharply with the Sensex's gain of 2.33%. However, the stock has shown stronger performance over longer time frames, with a 22.00% increase in the last month and an impressive 83.73% rise over the past three months. Year-to-date, the stock is up 53.33%, significantly outperforming the Sensex's 7.25% increase.

Despite these longer-term gains, the current selling trend raises questions about potential contributing factors, including market sentiment and sector-specific challenges. The stock's price is currently above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages, indicating a shift in momentum.