These 5 midcap stocks can crash up to 26%; check full list, key levels here

Technical charts suggest that midcap stocks such as APL Apollo, Exide Industries, Grindwell Norton, Fortis Healthcare and Lupin may trade with a weak bias in the near-term.
Rex Cano Mumbai
With the Nifty MidCap index witnessing a downward breakout in recent days, here are 5 midcap cap stocks that can potentially take a knock based on the existing chart patterns. Technical charts indicate that APL Apollo Tubes, Exide Industries, Grindwell Norton, Fortis Healthcare and Lupin are likely to trade with a weak bias in the near-term, and can potentially slide up to 26 per cent from here. Catch Stock Market Updates Today LIVE
APL Apollo Tubes
Current Price: ₹1,776 Downside Risk: 9.9% Support: ₹1,727; ₹1,694; ₹1,650 Resistance: ₹1,847; ₹1,915 APL

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Business Standard

a day ago

• Business Standard

PolicyBazaar, DLF, Airtel: Trading strategies for Chris Wood-owned stocks

Technical charts suggest that real-estate related shares from Chris Wood's portfolio could see sharper gains going ahead, while PolicyBazaar is likely to trade on a tepid note. Rex Cano Mumbai Listen to This Article Chris Wood, Global Head of Equity Strategy at Jefferies recently rejigged his India portfolio. The veteran investor has added TVS Motor, Home First Finance and Manappuram Finance to his long-only India portfolio, while increasing one per centage point stake in PolicyBazaar and Bharti Airtel. In the Asia ex-Japan long-only portfolio, too, Chris Wood has included PolicyBazaar replacing the investment in Larsen & Toubro. Meanwhile, Chris Wood in his recent note to investors, GREED & fear has flagged caution to investors citing high valuations, mainly in the midcap space.

Business Standard

a day ago

• Business Standard

Stock Market LIVE: Airtel, M&M, RIL lift Sensex 680 pts, Nifty tops 25,000; Nifty PSB, Realty up 1%

Sensex Today | Stock Market LIVE on Friday, June 20, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index added 0.84 per cent and 0.74 per cent respectively 11:03 AM Stock Market LIVE Updates: Nestle India to consider bonus issue on June 26; stock advances 2% Stock Market LIVE Updates: Nestle India shares rose 1.6 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹2,356.8 per share on BSE after the company said its board will consider issuing bonus shares in a meeting on June 26, 2025. However, at 10:18 AM, Nestle shares pared some gains and were trading 1.03 per cent higher at ₹2,342.85 per share on the BSE. In comparison, the BSE Sensex was up 0.65 per cent at 81,894.29. The company's market capitalisation stood at ₹2,25,887.56 crore. Its 52-week high was at ₹2,777 per share and 52-week low was at ₹2,115 per share. READ MORE 10:32 AM Stock Market LIVE Updates: Bulls lift benchmarks; Sensex up 700 pts Stock Market LIVE Updates: BSE Sensex was ruling over 700 pts higher at 82,077 level around 10:30 AM. The Nifty50, meanwhile, was at 25,014, up 220 points or 0.89 per cent. In the broader market, the Nifty MidCap, and SmallCap indices were up 0.8 per cent each. 9:23 AM Stock Market LIVE Updates: Sensex heatmap Stock Market LIVE Updates: 26 out of 30 stocks were trading in the positive zone on the BSE Sensex.

Business Standard

a day ago

• Business Standard

F&O: Here's a 'Bear Spread' for Nifty MidCap as it drops below 5, 20-DEMA

Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook Nandish Shah Mumbai