SRF, Devyani, Sumitomo have witnessed the formation of 'Death Cross', while Sona Coms and PI Industries saw a negative crossover on the MACD indicator, show the stocks daily chart.
Kotak Securities believes that disappointing Kharif season and US tariffs may dent earnings of Specialty chemicals companies. Technical charts flag up to 19 per cent downside risk for these 5 stocks.
PI Industries stock has fallen 18 per cent since August on weak Q1 results, muted export outlook and biologics curbs, though brokerages remain positive on long-term growth
Grasim Industries has negated lower highs-lower lows after four weeks and has pulled back higher from its 100 DEMA support.
Stocks to buy: Analyst at Religare recommends Sun Pharma, Apollo Hospitals; Check target price, stop loss here
Polycab and Jio Financial Services are among the top stocks to buy today, says Chandan Taparia