Nykaa, NTPC among 6 stocks signaling downturn

Nykaa, NTPC among 6 stocks signaling downturn

Nykaa, NTPC and four other stocks are showing signs of a potential downturn, according to a bearish reversal scan on the candlestick screener. These stocks, with market capitalization of Rs 10,000 crore and above, have recently formed a Hanging Man pattern, which often signifies a bearish reversal. The downward trend has investors worried as they anticipate a drop in prices. The stocks in question, along with their closing prices on September 11 and price changes, are as follows: NTPC (Rs 243.1, 1.2% change), Karur Vysya Bank (Rs 131.1, 0.8% change), FSN E-Commerce Ventures (Rs 146.55, 0.3% change), Blue Star (Rs 807.45, no change), NLC India (Rs 141.45, no change), and BASF India (Rs 2804.9, -0.5% change). Investors are advised to monitor these stocks closely in order to make informed decisions about their investments.

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TIS Staff

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