Death Crossovers: Vedanta among 4 stocks that signal bearishness
1/5
Bearish Signs
In the NSE list of stocks, four stocks with a market cap of over Rs 250 crore have been 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. The 50-day SMA of these stocks crossed below their 200-day SMAs on April 26. Take a look:
2/5
Swan Energy
CMP: Rs 210.7 | 50-Day SMA: Rs 242.66 | 200-Day SMA: Rs 243.42
3/5
Windsor Machines
CMP: Rs 42.6 | 50-Day SMA: Rs 41.28 | 200-Day SMA: Rs 41.41
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4/5
Vedanta
CMP: Rs 276.2 | 50-Day SMA: Rs 285.89 | 200-Day SMA: Rs 286.59
5/5
Hindware Home Innovation
CMP: Rs 385.4 | 50-Day SMA: Rs 370.39 | 200-Day SMA: Rs 370.91