Death Crossovers: These 5 stocks signal bearishness on March 18
By Ritesh Presswala, ETMarkets.com |
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Bearish Signs
In the NSE list of stocks with a market cap over Rs 10,000 crore, five stocks 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 SMA crossed below their 200-day SMAs on March 17. Take a look:
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Newgen Software Technologies
CMP: Rs 936.9 | 50-Day SMA: Rs 1157.46 | 200-Day SMA: Rs 1167.82
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Ceat
CMP: Rs 2638.55 | 50-Day SMA: Rs 2814.62 | 200-Day SMA: Rs 2826.78
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Affle 3i
CMP: Rs 1425.1 | 50-Day SMA: Rs 1530.16 | 200-Day SMA: Rs 1531.25
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Rainbow Children's Medicare
CMP: Rs 1250.1 | 50-Day SMA: Rs 1378.45 | 200-Day SMA: Rs 1379.23
