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

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:

SymbolCMPReasoningView
Cadila Healthcare limitedRs 466Closing below its 200day EMA & Bearish crossover on MACD indicator.Bearish
Oil IndiaRs 358.75Evening Doji star & Short Buildup formation.Bearish
Kotak BankRs 992.5Head & Shoulder breakdown below Rs. 983.50.Bearish
Chennai PetroRs 429Rising trend-line breakdown.Bearish
Glenmark PharmaRs 587.6Flag Breakdown and Short Buildup formation.Bearish
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