Soni Medicare Faces Intense Selling Pressure Amid Consecutive Losses and Price Declines

Soni Medicare Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a total decline of 6.22%. Today, Soni Medicare's stock price fell by 5.00%, significantly underperforming the Sensex, which decreased by only 0.44%. In the past week, Soni Medicare has seen a decline of 7.71%, while the Sensex has gained 0.30%. Over the last month, the stock has plummeted by 26.56%, contrasting sharply with the Sensex's modest increase of 0.39%. Despite a strong performance over the past year, where the stock rose by 75.93% compared to the Sensex's 6.26%, recent trends indicate a troubling shift. The stock touched an intraday low of Rs 49.75, reflecting a narrow trading range of just Rs 0.25. Additionally, while the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages. This combination of factors suggests a challenging environment for Soni Medicare as it navigates through this period of heightened selling activity.