Negative Breakout: These 7 stocks closed below their 200 DMA
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Negative breakout
On April 29, 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 as it reflects that the stock is trading below its long-term trend. The 200 DMA is widely used by traders to determine the overall trend in a particular stock. Take a look:
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JSW Infrastructure
200 DMA: Rs 283.98 | LTP: Rs 273.14
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Olectra Greentech
200 DMA: Rs 1,279.88 | LTP: Rs 1,256.85
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4/8
Bosch
200 DMA: Rs 36,974.58 | LTP: Rs 36,345
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Nuvama Wealth Management
200 DMA: Rs 1,367.40 | LTP: Rs 1,346
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LMW
200 DMA: Rs 14,908.54 | LTP: Rs 14,735
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REC
200 DMA: Rs 365.28 | LTP: Rs 363.55
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Aadhar Housing Finance
200 DMA: Rs 490.48 | LTP: Rs 488.75