Sarthak Global Ltd Faces 17-Day Selling Pressure with 28.61% Total Decline in Stock Price

Sarthak Global Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 1.98%, underperforming the Sensex, which fell by only 0.42%. This marks the 17th consecutive day of losses for Sarthak Global, resulting in a staggering total decline of 28.61% over this period. In terms of weekly performance, Sarthak Global has dropped 9.55%, contrasting sharply with the Sensex's gain of 0.86%. Over the past month, the stock has plummeted by 17.37%, while the Sensex has managed a modest increase of 0.77%. Despite a remarkable 207.16% rise over the past year, the recent trend indicates a significant downturn, with year-to-date performance stagnant at 0.00%. The stock opened at 53.6 today and has remained at this price, indicating a lack of upward momentum. While Sarthak Global's moving averages are higher than the 50-day, 100-day, and 200-day averages, they are lower than the 5-day and 20-day averages, suggesting a shift in short-term sentiment. The ongoing selling pressure may be attributed to various market dynamics, including investor sentiment and broader economic factors.