Market Status has turned bearish in the near term. As seen from the Nifty weekly chart, an Engulfing pattern is seen. Another week, if it close in red, I would say, that the medium term trend too has hone Bearish. As on now, there is nothing more to say expect that, this is the worst bearish pattern in the recent weeks.
Some Bearish stocks are as below.
- HBL Power Systems Limited
- Hindustan Unilever Limited
- Jaiprakash Power Ventures Limited
- Shree Renuka Sugars Limited
Additionally, Gold has nearly gone into the Sell mode. So are DOW and Euro.
