True Green Bio Energy Faces Intense Selling Pressure Amid Significant Price Declines

Mar 24 2025 09:50 AM IST
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True Green Bio Energy Ltd is experiencing notable selling pressure, with the stock declining after two days of gains. Despite a slight weekly increase, it has faced a significant drop over the past month and three months. The stock is trading below several key moving averages, indicating a bearish trend.
True Green Bio Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a decline of 3.41%, underperforming the Sensex, which gained 0.64%. This marks a trend reversal after two consecutive days of gains, indicating a shift in market sentiment.

Over the past week, True Green Bio Energy has seen a modest increase of 0.83%, but this is overshadowed by a 14.10% drop over the past month. The stock's performance has been particularly poor in the short term, with a 26.67% decline over the last three months, while the Sensex has only dipped by 1.37% during the same period.

The price summary reveals that True Green Bio Energy opened with a gap down today, hitting an intraday low of Rs 85. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish trend in the near term. Contributing factors to the selling pressure may include broader market trends and sector-specific challenges within the textile industry.
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