Negative Breakout: These 11 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty500 pack, the closing prices of 16 stocks fell below their 200-day moving averages on April 24, according to StockEdge.com's technical scan data. Of these, we have highlighted 11 stocks that slipped more than 1.5%. 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
Ceat
200 DMA: Rs 3646.05| LTP: Rs 3476.2
3/12
Alkem Laboratories
200 DMA: Rs 5449.85| LTP: Rs 5235
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4/12
Zydus Lifesciences
200 DMA: Rs 945.58| LTP: Rs 927.4
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Techno Electric & Engineering Company
200 DMA: Rs 1246.08| LTP: Rs 1223.5
6/12
Nuvama Wealth Management
200 DMA: Rs 1369.92| LTP: Rs 1346
7/12
Wockhardt
200 DMA: Rs 1421.7| LTP: Rs 1405.2
8/12
ITI
200 DMA: Rs 300.47| LTP: Rs 298.19
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Bosch
200 DMA: Rs 36952.02| LTP: Rs 36690
10/12
Tata Investment Corporation
200 DMA: Rs 709.15| LTP: Rs 704.15
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Neuland Laboratories
200 DMA: Rs 14489.86| LTP: Rs 14405
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GMR Airports
200 DMA: Rs 94.67| LTP: Rs 94.49