True Green Bio Energy Faces Intense Selling Pressure Amid Consecutive Losses
True Green Bio Energy Ltd is experiencing notable selling pressure, with consecutive losses over the past two days. Despite a recent mixed performance, including a decline over the past month and three months, the stock has shown significant long-term growth, increasing substantially over the past year and five years.
True Green Bio Energy 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 5.69%. Today, the stock fell by 3.90%, underperforming the Sensex, which gained 1.31%. In terms of recent performance, True Green Bio Energy has seen a mixed trend. Over the past week, the stock is up 1.14%, but it has declined by 14.59% over the past month. The three-month performance shows a substantial drop of 30.16%, while the year-to-date performance reflects a decrease of 26.35%. Despite these recent challenges, the stock has shown remarkable growth over the longer term, with a 174.70% increase over the past year and an impressive 1783.95% rise over the last five years.
The stock opened today with a gain of 2.25%, reaching an intraday high of Rs 86.2, but quickly fell to a low of Rs 82. The current price trends indicate that True Green Bio Energy is trading above its 200-day moving average but below its shorter-term moving averages, suggesting a potential shift in market sentiment.
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