TechNVision Ventures Faces Intense Selling Pressure Amid Consecutive Losses and Market Sentiment Shift

TechNVision Ventures Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 9.49%. Today, it reported a performance drop of 4.75%, notably underperforming the Sensex, which fell by just 0.23%.
Despite a strong performance over the past month, where TechNVision Ventures gained 16.59% compared to the Sensex's 6.88%, the recent trend indicates a shift in market sentiment. The stock reached an intraday high of Rs 5200, reflecting a 3.61% increase at one point, but ultimately fell to a low of Rs 4780.6, marking a 4.75% decline for the day.

In terms of moving averages, the stock remains above the 100-day and 200-day averages but is currently below the 5-day, 20-day, and 50-day averages. This divergence may suggest a potential shift in momentum. The selling pressure could be attributed to various factors, including market corrections or shifts in investor sentiment, particularly after a substantial rally over the past year, where the stock surged by 128.13% compared to the Sensex's 11.78%.