Negative Breakout: These 7 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty200 pack, 7 stocks' closing prices crossed below their 200-day moving averages (DMA) on October 1, 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 1005.19| LTP: Rs 987
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Billionbrains Garage Ventures
200 DMA: Rs 183.34| LTP: Rs 180.11
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Bajaj Auto
200 DMA: Rs 10200.58| LTP: Rs 10045
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Grasim Industries
200 DMA: Rs 2974.89| LTP: Rs 2962
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Sun Pharmaceutical Industries
200 DMA: Rs 1807.7| LTP: Rs 1801
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JSW Steel
200 DMA: Rs 1235.71| LTP: Rs 1233
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Bajaj Holdings & Investment
200 DMA: Rs 10679.64| LTP: Rs 10666