Tricom Fruit Products Faces Intense Selling Pressure Amid Significant Price Declines

Tricom Fruit Products Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 17.83%. In today's performance, Tricom Fruit Products fell by 3.08%, notably underperforming the Sensex, which gained 0.47%.
Despite a strong performance over the past three months, where the stock surged by 81.41% compared to the Sensex's 10.37%, the recent trend indicates a shift in market sentiment. Over the last year, Tricom has still outperformed the Sensex with a gain of 64.53% against the index's 9.40%. However, the stock's long-term performance tells a different story, with a 10-year decline of 36.26%, contrasting sharply with the Sensex's impressive growth of 204.00%.

Contributing factors to the current selling pressure may include erratic trading patterns, as the stock did not trade on three days out of the last 20. Additionally, while the stock's moving averages are higher than the 20, 50, 100, and 200-day averages, it remains lower than the 5-day moving average, indicating potential volatility in the short term.