Negative Breakout: These 6 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty200 pack, six stocks' closing prices crossed below their 200-day moving averages (DMA) on October 7, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.
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AU Small Finance Bank
200 DMA: Rs 1005.84| LTP: Rs 993.4
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Bharat Forge
200 DMA: Rs 1856.95| LTP: Rs 1841.8
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Titan Company
200 DMA: Rs 4412.73| LTP: Rs 4377
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Tata Motors
200 DMA: Rs 431.03| LTP: Rs 427.9
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Pidilite Industries
200 DMA: Rs 1499.37| LTP: Rs 1488.5
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JSW Steel
200 DMA: Rs 1237.61| LTP: Rs 1230