Negative Breakout: These 13 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty500 pack, 13 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on August 18, 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 used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
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eClerx Services
200 DMA: Rs 1845.36| LTP: Rs 1805.2
3/14
Mphasis
200 DMA: Rs 2481.22| LTP: Rs 2432
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Bharti Hexacom
200 DMA: Rs 1620.17| LTP: Rs 1600.4
5/14
Bandhan Bank
200 DMA: Rs 172.49| LTP: Rs 170.5
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Page Industries
200 DMA: Rs 36846.68| LTP: Rs 36425
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Rites
200 DMA: Rs 220.35| LTP: Rs 218.49
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Bharti Airtel
200 DMA: Rs 1949.64| LTP: Rs 1934.2
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KFin Technologies
200 DMA: Rs 964.39| LTP: Rs 957.6
10/14
Persistent Systems
200 DMA: Rs 5477.48| LTP: Rs 5442.5
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Mahanagar Gas
200 DMA: Rs 1117.47| LTP: Rs 1111.4
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Sarda Energy & Minerals
200 DMA: Rs 520.92| LTP: Rs 518.15
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Lupin
200 DMA: Rs 2242.57| LTP: Rs 2232
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Pfizer
200 DMA: Rs 4810.64| LTP: Rs 4799.3