Negative Breakout: These 10 stocks cross below their 200 DMAs
1/11
Downside Ahead
In the Nifty200 pack, 10 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on June 23, 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:
2/11
Jindal Steel
200 DMA: Rs 1114.78| LTP: Rs 1082.6
3/11
Indus Towers
200 DMA: Rs 409.09| LTP: Rs 400
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4/11
Hindustan Zinc
200 DMA: Rs 556.04| LTP: Rs 546.8
5/11
Interglobe Aviation
200 DMA: Rs 5010.67| LTP: Rs 4961.4
6/11
Bharat Dynamics
200 DMA: Rs 1403.79| LTP: Rs 1390.6
7/11
Housing & Urban Development Corporation
200 DMA: Rs 210.22| LTP: Rs 208.81
8/11
ICICI Bank
200 DMA: Rs 1345.79| LTP: Rs 1338.3
9/11
LIC Housing Finance
200 DMA: Rs 543.27| LTP: Rs 541.2
10/11
Bajaj Finance
200 DMA: Rs 965.52| LTP: Rs 962.4
11/11
Bank Of Baroda
200 DMA: Rs 278.17| LTP: Rs 277.8