Negative Breakout: These 10 stocks cross below their 200 DMAs
1/11
Downside Ahead
In the NSE list of stocks with a market cap of over Rs 1,000 crore, 10 stocks fell more than 2.5% and their closing prices crossed below their 200-day moving average (200 DMA) on December 5, according to technical scan data from StockEdge.com. 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:
2/11
Alpex Solar
200 DMA: Rs 1010.55| LTP: Rs 959.35
3/11
Avalon Technologies
200 DMA: Rs 889.67| LTP: Rs 862.45
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4/11
IOL Chemicals And Pharmaceuticals
200 DMA: Rs 86.51| LTP: Rs 84.4
5/11
Waaree Energies
200 DMA: Rs 2942.43| LTP: Rs 2871.4
6/11
Borosil Renewables
200 DMA: Rs 563.66| LTP: Rs 552
7/11
Astec Lifesciences
200 DMA: Rs 772.48| LTP: Rs 760.65
8/11
Bharat Rasayan
200 DMA: Rs 10235.3| LTP: Rs 10082
9/11
Advanced Enzyme Technologies
200 DMA: Rs 310.47| LTP: Rs 305.9
10/11
Sanghvi Movers
200 DMA: Rs 305.98| LTP: Rs 301.85
11/11
Vadilal Industries
200 DMA: Rs 5370.73| LTP: Rs 5340