Ceat, Dr Reddy's: Be careful! These 5 stocks can dip up to 15% from here

A clear breakdown on price action and chart patterns may lead to slide in these stocks

The domestic benchmark indices are trading at all-time high levels, with Nifty50 surging past the 16,000-mark for the first time ever. Analysts expect the market to gain momentum going ahead provided global and domestic cues remain supportive. Charts suggest the possibility of NIfty hitting the 16,100-16,150 level if the current momentum continues. 

That said, there are select stocks that are flashing bearish signals on the tech charts, contrary to the overall market setup. These five stocks from the BSE 500 pack can slip up to 15 per cent from here on. Trade carefully.

CEAT Limited (CEATLTD)

Likely target: Rs 1,208

Downside potential: