What's the future of Future Group stocks? Here's what technical charts say

Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.

Shares of debt-ridden Future Group companies continue to remain laggards in the broader market space. Recently, Reliance Industries had to call-off its deal to acquire Future Retail businesses amid the Amazaon-Future group tussle. The said news accentuated the selling pressure at these counter.
 

Future Retail in particular has been locked in lower circuit since April 22, 2022, with share price tumbling a whopping 42 per cent during the period. The stock has lost 65 per cent in the current year to date. Other shares like Future Consumer, Future Enterprises, Future Supply Chain and Future Lifestyle Fashions also witnessed similar fall.