Negative Breakout: These 12 stocks cross below their 200 DMAs
1/13
Downside Ahead
In the Nifty500 pack, 12 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on July 14, 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:
2/13
Mangalore Refinery And Petrochemicals
200 DMA: Rs 163| LTP: Rs 156.96
3/13
Bank Of India
200 DMA: Rs 145.63| LTP: Rs 141.87
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4/13
Mahindra & Mahindra Financial Services
200 DMA: Rs 328.75| LTP: Rs 325.1
5/13
Rites
200 DMA: Rs 224.31| LTP: Rs 222.15
6/13
Housing & Urban Development Corporation
200 DMA: Rs 209.56| LTP: Rs 207.85
7/13
NHPC
200 DMA: Rs 79.34| LTP: Rs 78.77
8/13
ITC Hotels
200 DMA: Rs 183.27| LTP: Rs 182.07
9/13
Indegene
200 DMA: Rs 509.67| LTP: Rs 506.85
10/13
Paradeep Phosphates
200 DMA: Rs 142.05| LTP: Rs 141.48
11/13
Sonata Software
200 DMA: Rs 308.73| LTP: Rs 307.75
12/13
360 One Wam
200 DMA: Rs 1100.45| LTP: Rs 1098.8
13/13
Tech Mahindra
200 DMA: Rs 1485.87| LTP: Rs 1484.3