In these days of euphoria in the markets, there are still few dark spots. Karan Bhojwani identifies five stocks in which the investors should stop staying invested.
The year 2016 was arguably the one of the eventful years in the history of the financial markets. The stock market witnessed a rollercoaster ride in 2016. However, since the beginning of the calender year 2017, the markets have been conquered by the bulls and Nifty has registered gains of almost over 9 percent since the year began. At this juncture, it is common to hear on the television channels or read headlines in newspapers stating that markets are approaching a new high or this is just a beginning of the ‘mother’ of bull runs. Just run down the memory lane and recall the period of 2007 when a portfolio worth ₹10 lakh at the end of 2007 drastically dropped down to just ₹3-4 lakh by end of 2008. This is how the market works and it tests your patience as it comes with its own twists and turns which are quite unpredictable.
Going forward, it is definitely going to be a stock-picker’s market and it is as significant to know which stock to avoid or sell as it is to know which is the next multi-bagger. Considering this, the DSIJ Technical Team has hand-picked five stocks on the basis of technical patterns and parameters to avoid or sell.
Sector: Steel
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