Soni Medicare Faces Intense Selling Pressure Amidst Ongoing Price Declines

Soni Medicare Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price down by 1.99%, contrasting sharply with the Sensex, which has gained 0.57%. Over the past week, Soni Medicare has lost 9.57%, while the Sensex has only dipped by 1.11%.
This marks the 13th consecutive day of losses for Soni Medicare, resulting in a total decline of 23.16% during this period. Despite a strong performance in the longer term, with a 152.50% increase over the past year, the recent trend indicates a shift in market sentiment.

The stock opened at 65.65 and has remained at this price level, indicating a lack of upward momentum. While Soni Medicare's performance remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a potential short-term weakness. The stock has underperformed its sector by 2.69%, highlighting the challenges it faces in the current market environment.