Negative Breakout: These 12 stocks cross below their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
1/13
Downside Ahead
Among NSE-listed stocks with a market capitalisation exceeding Rs 10,000 crore, the closing prices of 12 stocks fell below their 200-day moving average (DMA) on June 3, 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. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock.
2/13
CreditAccess Grameen
200 DMA: Rs 1310.16| LTP: Rs 1269.2
3/13
Berger Paints India
200 DMA: Rs 507.51| LTP: Rs 496.05
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4/13
Tech Mahindra
200 DMA: Rs 1494.45| LTP: Rs 1472.3
5/13
Dr. Agarwal's Health Care
200 DMA: Rs 470.41| LTP: Rs 464.25
6/13
Prime Focus
200 DMA: Rs 227.06| LTP: Rs 224.21
7/13
Gabriel India
200 DMA: Rs 1065.67| LTP: Rs 1056.4
8/13
Anant Raj
200 DMA: Rs 551.79| LTP: Rs 548
9/13
NBCC (India)
200 DMA: Rs 102.85| LTP: Rs 102.24
10/13
KIOCL
200 DMA: Rs 385.87| LTP: Rs 383.7
11/13
Tega Industries
200 DMA: Rs 1824.03| LTP: Rs 1821.1
12/13
Motilal Oswal Financial Services
200 DMA: Rs 856.06| LTP: Rs 855.55
