Reliance Infrastructure Faces Intense Selling Pressure Amid Consecutive Losses

Reliance Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.99% in its one-day performance, starkly contrasting with the Sensex's decline of just 0.71%. Over the past week, Reliance Infrastructure has dropped 8.88%, while the Sensex has remained relatively stable with a decrease of only 0.15%.
In the broader context, the stock's performance over the past month shows a decline of 6.44%, compared to a slight gain of 0.10% for the Sensex. Despite a strong performance in the longer term, including a remarkable 95.20% increase over the past year, the recent trend indicates a shift in market sentiment.

The stock's price summary reveals that it touched an intraday low of Rs 360.05, underperforming its sector by 4.15%. While it remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages. This combination of factors suggests a challenging environment for Reliance Infrastructure as it navigates through this selling phase.