Tera Software Faces Increased Selling Pressure Amid Consecutive Losses and Market Sentiment Shift

Tera Software 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 3.78%. Today, Tera Software's stock price fell by 2.00%, underperforming the Sensex, which decreased by only 0.10%.
In the past week, Tera Software has seen a decline of 5.87%, compared to the Sensex's drop of 0.40%. Over the last month, the stock has lost 8.87%, while the Sensex has fallen by 0.85%. Despite a strong performance in the longer term, with a remarkable 183.63% 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 264.6 today. While Tera Software's moving averages remain higher than the 50-day, 100-day, and 200-day averages, they are lower than the 5-day and 20-day averages, suggesting a potential short-term weakness. The selling pressure may be attributed to various market dynamics, including investor sentiment and broader economic factors affecting the software and consulting sector.