Death Crossovers: These 5 stocks signal bearishness
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Death Cross!
In the NSE list of stocks, five stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day simple moving averages (SMA) crossed below their 200-day SMAs on November 21. Take a look:
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Gujarat Narmada VFC
CMP: Rs 576.1
50-Day SMA: Rs 680.05
200-Day SMA: Rs 683.09
50-Day SMA: Rs 680.05
200-Day SMA: Rs 683.09
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BEML
CMP: Rs 1488.5
50-Day SMA: Rs 1533.43
200-Day SMA: Rs 1536.14
50-Day SMA: Rs 1533.43
200-Day SMA: Rs 1536.14
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Orissa Minerals
CMP: Rs 2650.9
50-Day SMA: Rs 2802.95
200-Day SMA: Rs 2806.86
50-Day SMA: Rs 2802.95
200-Day SMA: Rs 2806.86
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Ahluwalia Contracts
CMP: Rs 443.45
50-Day SMA: Rs 434.54
200-Day SMA: Rs 434.83
50-Day SMA: Rs 434.54
200-Day SMA: Rs 434.83
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Steel Strip
CMP: Rs 158.05
50-Day SMA: Rs 160.99
200-Day SMA: Rs 161.07
50-Day SMA: Rs 160.99
200-Day SMA: Rs 161.07