Negative Breakout: These 11 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty500 pack, 11 stocks' closing prices crossed below their 200 DMAs (Daily Moving Averages) on July 7, 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 a key indicator traders use to determine the overall trend in a particular stock. Take a look:
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Mazagon Dock Shipbuilders
200 DMA: Rs 2550.56| LTP: Rs 2523.2
3/12
JSW Dulux
200 DMA: Rs 3135.14| LTP: Rs 3107.2
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4/12
Gujarat Mineral Development Corporation
200 DMA: Rs 591.38| LTP: Rs 586.3
5/12
NHPC
200 DMA: Rs 79.53| LTP: Rs 78.89
6/12
Ashok Leyland
200 DMA: Rs 165.24| LTP: Rs 164.16
7/12
DLF
200 DMA: Rs 653.78| LTP: Rs 651.1
8/12
Onesource Specialty Pharma
200 DMA: Rs 1632.92| LTP: Rs 1626.8
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Bharat Dynamics
200 DMA: Rs 1400.29| LTP: Rs 1395.7
10/12
Bharat Electronics
200 DMA: Rs 420.41| LTP: Rs 419.15
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CESC
200 DMA: Rs 167.18| LTP: Rs 166.7
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REC
200 DMA: Rs 357.27| LTP: Rs 356.25