Negative Breakout: These 9 stocks cross below their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
1/10
Downside Ahead
In the Nifty500 pack, nine stocks' closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.
2/10
HDB Financial Services
200 DMA: Rs 696.1| LTP: Rs 680.95
3/10
Supreme Industries
200 DMA: Rs 3564.76| LTP: Rs 3500
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4/10
Container Corporation Of India
200 DMA: Rs 494.71| LTP: Rs 487.05
5/10
Page Industries
200 DMA: Rs 36369.7| LTP: Rs 35950
6/10
Triveni Turbine
200 DMA: Rs 561.39| LTP: Rs 555.65
7/10
JSW Energy
200 DMA: Rs 521.69| LTP: Rs 517
8/10
Travel Food Services
200 DMA: Rs 1239.46| LTP: Rs 1228.5
9/10
Sumitomo Chemical India
200 DMA: Rs 457.77| LTP: Rs 454.55
