Negative Breakout: These 7 stocks closed below their 200 DMA
1/8
Negative breakout
On April 28, the closing prices of seven stocks in the NSE list with a market cap above Rs 10,000 crore fell below their 200-day moving average (DMA), according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock's price is below its long-term trend. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
2/8
Bank Of Baroda
200 DMA: Rs 272.95 | LTP: Rs 267.83
3/8
BlackBuck
200 DMA: Rs 602.82 | LTP: Rs 581.65
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4/8
Leela Palaces Hotels & Resorts
200 DMA: Rs 426.30 | LTP: Rs 419.80
5/8
Mahindra & Mahindra Financial Services
200 DMA: Rs 316.44 | LTP: Rs 312.65
6/8
Neuland Laboratories
200 DMA: Rs 14,517.52 | LTP: Rs 14,445
7/8
Wockhardt
200 DMA: Rs 1,418.61 | LTP: Rs 1,417.30
8/8
Deepak Nitrite
200 DMA: Rs 1,683.15 | LTP: Rs 1,682.60