Negative Breakout on March 4: These 7 stocks drop below their 200 DMAs
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Trend Tracker
In the Nifty500 pack, 7 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, 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 for determining the overall trend in a particular stock. Take a look:
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Jubilant FoodWorks
200 DMA: Rs 630.38| LTP: Rs 610.25
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Persistent Systems
200 DMA: Rs 5272.42| LTP: Rs 5153
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Eicher Motors
200 DMA: Rs 4871.98| LTP: Rs 4815.1
5/8
JK Cement
200 DMA: Rs 4426.06| LTP: Rs 4405.6
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Patanjali Foods
200 DMA: Rs 1739.26| LTP: Rs 1731.95
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Radico Khaitan
200 DMA: Rs 2057| LTP: Rs 2051.2
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Sapphire Foods India
200 DMA: Rs 320.79| LTP: Rs 319.9