4 stocks signaling bears may rule soon
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Downward Trend
A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are NSE stocks (with m-cap over Rs 1,000 cr ) that have established a Hanging Man pattern and signal a bearish reversal. (Source: StockEdge)
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What's a Hanging Man pattern?
It is a one-day candlestick pattern in which there is a small red real body and a lower shadow extending from the body, and is formed at the top of an uptrend.
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Bikaji Foods
LTP as on June 13: Rs 416.05 | Performance: + 0.5%
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REC
LTP as on June 13: Rs 154.9 | Performance: + 0.2%
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Quess Corp
LTP as on June 13: Rs 432 | Performance: 0%
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Timken India
LTP as on June 13: Rs 3465.25 | Performance: - 0.2%