DSIJ Mindshare

The index has shown the first sign of weakness and formed bearish engulfing candle on the daily scale. The bearish engulfing candlestick pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

The stock of City Union Bank Limited has given a downward sloping trendline breakout on Friday formed by connecting swing highs from August 31, 2018.

The stocks that are likely to witness significant movement on the bourses on March 25 are Greenlam Industries, Alkem Laboratories, Cadila Healthcare, Garden Reach Shipbuilders & Engineers and Ramco Cements.

Alkem Laboratories shed 2 per cent at closing as the company received a pre-approval inspection for a product manufactured at its plant in St. Louis, US.

The Indian indices closed Friday's trading session with sharp fall after initial gains. BSE Sensex and Nifty ended down by nearly 0.6 per cent and 0.56 per cent on the last day of the week, after registering handsome gains on a weekly basis.