HDFC Life, IndiaMART: These 5 stocks can fall up to 10%. Should you sell?

Engineers India, Star Cement and Syngene International too can decline up to 7% in the medium term, indicate charts

The benchmark indices have seen a decline of over 3 per cent in recent trading sessions with the BSE Sensex drifting towards 60,500 and Nifty 50 dipping below the sentimental 18,000-mark.

The negative downside has weakened the core support levels  of several stocks and their reversal seems uneasy at the current juncture. These stocks may either see sideways move and decline towards the next lower levels.

Engineers India Ltd (ENGINERSIN)
Likely target: Rs 68
Downside potential:  8%

The formation of “Double Top” indicates a negative trend in the medium-term perspective for the stock, as per the daily chart.