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-day moving averages (DMA) on September 28, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.
2/11
Yes Bank
200 DMA: Rs 21.86| LTP: Rs 21.18
3/11
Hindustan Zinc
200 DMA: Rs 586.04| LTP: Rs 573
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4/11
Hindalco Industries
200 DMA: Rs 976.44| LTP: Rs 955.9
5/11
Polycab India
200 DMA: Rs 8366.87| LTP: Rs 8191
6/11
Punjab National Bank
200 DMA: Rs 114.47| LTP: Rs 112.6
7/11
Union Bank Of India
200 DMA: Rs 173.83| LTP: Rs 171.75
8/11
Nestle India
200 DMA: Rs 1359.74| LTP: Rs 1346
9/11
AU Small Finance Bank
200 DMA: Rs 1004.76| LTP: Rs 995.3
10/11
Hyundai Motor India
200 DMA: Rs 2067.45| LTP: Rs 2050.7
11/11
Jubilant FoodWorks
200 DMA: Rs 480.97| LTP: Rs 478.7