Eight Indian stocks with market caps over Rs 75,000 crore that recently suffered from a Bearish MACD Crossover have been identified by ETMarkets. The Moving Average Convergence Divergence line crossing from above to below the signal line suggests a potential bearish trend reversal, making it a warning sign for technical analysts. The eight companies are: Cholamandalam Investment & Finance, ABB India, Infosys, Asian Paints, UltraTech Cement, Tata Motors, Sun Pharmaceutical Industries and Shree Cements. Investors should be warned, however, that conduct thorough research and consider your risk tolerance before making any investment decisions.
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