Thirdwave Financial Intermediaries Faces Intense Selling Pressure Amid Significant Price Declines

Mar 20 2025 12:55 PM IST
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Thirdwave Financial Intermediaries Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. It has underperformed its sector and is trading below key moving averages, indicating a challenging market environment. The stock's recent performance contrasts sharply with the overall market trend.
Thirdwave Financial Intermediaries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 4.99% in just one day, and has declined 8.60% over the past week. Over the last month, Thirdwave has seen a staggering drop of 51.17%, starkly contrasting with the Sensex, which has gained 0.45% during the same period.

In terms of performance metrics, Thirdwave's year-to-date decline stands at 43.49%, while the Sensex has only decreased by 2.64%. The stock's recent performance has been particularly troubling, as it has underperformed its sector by 1.37%. Despite opening the day with a gain of 3.36% and reaching an intraday high of Rs 104.65, it quickly reversed course, hitting a low of Rs 97.05.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The combination of these factors suggests a challenging environment for Thirdwave Financial Intermediaries Ltd, contributing to the ongoing selling pressure.
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