Negative Breakout: 8 stocks cross below their 200 DMAs
1/9
Bearish Signal
In the NSE large cap pack, 8 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on July 25, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders to determine a particular stock's overall trend. Take a look:
2/9
Adani Energy Solutions Ltd.
200 DMA: Rs 839.3| LTP: Rs 817.15
3/9
CG Power and Industrial Solutions Ltd.
200 DMA: Rs 676.25| LTP: Rs 662.55
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4/9
GAIL (India) Ltd.
200 DMA: Rs 187.19| LTP: Rs 183.51
5/9
Shriram Finance Ltd.
200 DMA: Rs 624.78| LTP: Rs 615.85
6/9
Nestle India Ltd
200 DMA: Rs 2,302.35| LTP: Rs 2,274.6
7/9
Vedanta Ltd.
200 DMA: Rs 447.35| LTP: Rs 443.55
8/9
Samvardhana Motherson International Ltd.
200 DMA: Rs 100.8| LTP: Rs 100.34
9/9
Lodha Developers Ltd.
200 DMA: Rs 1,283.23| LTP: Rs 1,279.4