Negative Breakout: These 15 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty500 pack, 15 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on July 22, 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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OLA Electric Mobility
200 DMA: Rs 37.99| LTP: Rs 36.67
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Indian Bank
200 DMA: Rs 854.16| LTP: Rs 827.55
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4/16
Chalet Hotels
200 DMA: Rs 838.7| LTP: Rs 822.45
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Bank Of India
200 DMA: Rs 146.38| LTP: Rs 143.99
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Berger Paints India
200 DMA: Rs 502.93| LTP: Rs 496.45
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Eris Lifesciences
200 DMA: Rs 1456.07| LTP: Rs 1440.6
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Sobha
200 DMA: Rs 1441.13| LTP: Rs 1426
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360 One Wam
200 DMA: Rs 1102.61| LTP: Rs 1093.6
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Urban Company
200 DMA: Rs 131.77| LTP: Rs 130.88
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Jubilant Pharmova
200 DMA: Rs 994.1| LTP: Rs 989
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LIC Housing Finance
200 DMA: Rs 541.3| LTP: Rs 538.6
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ZF Commercial Vehicle Control Systems India
200 DMA: Rs 2379.06| LTP: Rs 2367.2
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NMDC Steel
200 DMA: Rs 42.44| LTP: Rs 42.24
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Graphite India
200 DMA: Rs 631.96| LTP: Rs 629.55
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HDB Financial Services
200 DMA: Rs 707.96| LTP: Rs 707.20