Negative Breakout: These 7 stocks cross below their 200 DMAs
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Downside Ahead
Of the NSE-listed stocks with a market capitalisation of over Rs 10,000 crore, seven stocks saw their closing prices cross below their 200-day moving averages (DMAs) on August 21, according to StockEdge’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:
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Aditya Birla Real Estate
200 DMA: Rs 1429.84| LTP: Rs 1406.3
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GMR Airports
200 DMA: Rs 100.43| LTP: Rs 99.63
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Century Plyboards (India)
200 DMA: Rs 767.11| LTP: Rs 762.4
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Godrej Agrovet
200 DMA: Rs 577.9| LTP: Rs 574.55
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Tega Industries
200 DMA: Rs 1751.8| LTP: Rs 1743.2
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HDFC Asset Management Company
200 DMA: Rs 2621.17| LTP: Rs 2610
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Mahanagar Gas
200 DMA: Rs 1115.08| LTP: Rs 1114.2