5 stocks incl TCS, HUL, Ashok Leyland weak on charts, may fall 14%: Analyst
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The ongoing US-Iran war has severely impacted the market, with 75% of Nifty 500 stocks showing year-to-date losses. Analyst Muthuselvaraj M from Mirae Asset ShareKhan identifies five stocks—TCS, Hindustan Unilever, Ashok Leyland, GSPL, and TI India—as technically weak, indicating potential further declines. TCS may drop to ₹2,160, HUL to ₹1,850, Ashok Leyland to ₹177-₹170, GSPL to ₹270-₹260, and TI India to ₹2,475-₹2,200. The overall market sentiment remains negative amid these trends.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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