Negative Breakout: These 10 stocks cross below their 200 DMAs
1/12
Downside Ahead
In the Nifty500 pack, the closing prices of 22 stocks fell below their 200-day moving averages on May 11, according to StockEdge.com's technical scan data. Of these, we have highlighted 11 stocks that slipped more than 3%. 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:
2/12
Blue Dart Express
200 DMA: Rs 5647.73| LTP: Rs 5258.5
3/12
Berger Paints India
200 DMA: Rs 512.14| LTP: Rs 493.85
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4/12
Anant Raj
200 DMA: Rs 556.72| LTP: Rs 538.55
5/12
Sumitomo Chemical India
200 DMA: Rs 481.69| LTP: Rs 466.45
6/12
Reliance Industries
200 DMA: Rs 1432.79| LTP: Rs 1388.2
7/12
Tejas Networks
200 DMA: Rs 486.44| LTP: Rs 471.7
8/12
PVR Inox
200 DMA: Rs 1053.21| LTP: Rs 1026
9/12
Poonawalla Fincorp
200 DMA: Rs 451.96| LTP: Rs 441.95
10/12
Travel Food Services
200 DMA: Rs 1230.21| LTP: Rs 1206.2
11/12
Mazagon Dock Shipbuilders
200 DMA: Rs 2607.95| LTP: Rs 2565.8
12/12
Deepak Fertilisers And Petrochemicals Corporation
200 DMA: Rs 1286.97| LTP: Rs 1277.8