Top 5 stocks to avoid or short sell in the next week

India Infoline News Service | Mumbai | November 11, 2017 10:08 IST

Following is the list of stock which can see a short-term hiccup during the coming week:

Bear Market
In this week, markets witnessed strong resistance at the higher levels as geopolitical tensions resulted in a cautious approach by investors.

Major indices across the globe witnessed corrections primarily due to ensuing political issues.

The impact was visible in the domestic indices to as the markets were stressed and many stocks have remained under immense selling pressure during the week.

Following is the list of stock which can see a short-term hiccup during the coming week:

Symbol CMP Reasoning View
Cadila Healthcare limited Rs 466 Closing below its 200day EMA & Bearish crossover on MACD indicator. Bearish
Oil India Rs 358.75 Evening Doji star & Short Buildup formation. Bearish
Kotak Bank Rs 992.5 Head & Shoulder breakdown below Rs. 983.50. Bearish
Chennai Petro Rs 429 Rising trend-line breakdown. Bearish
Glenmark Pharma Rs 587.6 Flag Breakdown and Short Buildup formation. Bearish

 

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