Thirdwave Financial Intermediaries Faces Intense Selling Pressure Amid Significant Price Declines

Thirdwave Financial Intermediaries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 7.94%. Today, it opened with a notable loss of 4.99%, reaching an intraday low of Rs 91.4, while the day's high was Rs 98.95, reflecting a brief recovery of 2.86%.
In terms of performance, Thirdwave Financial Intermediaries has underperformed the Sensex significantly. Over the past week, the stock has dropped 13.16%, while the Sensex gained 3.91%. The one-month performance is particularly alarming, with a decline of 54.73% compared to the Sensex's modest increase of 1.87%. Year-to-date, the stock is down 46.31%, contrasting sharply with the Sensex's decline of only 1.82%.

Several factors may be contributing to this selling pressure, including broader market trends and investor sentiment within the finance/NBFC sector. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.