Negative Breakout: These 14 stocks cross below their 200 DMAs
1/15
Downside Ahead
In the Nifty200 pack, 14 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on May 12, 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:
2/15
One97 Communications
200 DMA: Rs 1194.38| LTP: Rs 1154.6
3/15
Cholamandalam Investment and Finance Company
200 DMA: Rs 1614.1| LTP: Rs 1561
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4/15
Ashok Leyland
200 DMA: Rs 159.85| LTP: Rs 155.95
5/15
Suzlon Energy
200 DMA: Rs 52.77| LTP: Rs 51.52
6/15
HDFC Asset Management Company
200 DMA: Rs 2694.25| LTP: Rs 2632.8
7/15
360 One Wam
200 DMA: Rs 1094.02| LTP: Rs 1078.1
8/15
Zydus Lifesciences
200 DMA: Rs 942.45| LTP: Rs 930.65
9/15
Bosch
200 DMA: Rs 36959.22| LTP: Rs 36510
10/15
Cochin Shipyard
200 DMA: Rs 1634.8| LTP: Rs 1616.1
11/15
Asian Paints
200 DMA: Rs 2524.86| LTP: Rs 2505.5
12/15
Container Corporation Of India
200 DMA: Rs 518.72| LTP: Rs 516
13/15
GMR Airports
200 DMA: Rs 95.01| LTP: Rs 94.69
14/15
Larsen & Toubro
200 DMA: Rs 3862.39| LTP: Rs 3856.5
15/15
Waaree Energies
200 DMA: Rs 3126.52| LTP: Rs 3125.2