Negative Breakout: These 8 large-cap stocks cross below their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
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Downside Ahead
In the NSE large-cap pack, eight stocks' closing prices crossed below their 200-day moving averages (DMA) on October 19, 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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Axis Bank
200 DMA: Rs 1285.53| LTP: Rs 1236
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Bajaj Finance
200 DMA: Rs 974.58| LTP: Rs 957.35
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Pidilite Industries
200 DMA: Rs 1500.61| LTP: Rs 1482.6
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Bharti Airtel
200 DMA: Rs 1895.53| LTP: Rs 1875.2
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Hitachi Energy India
200 DMA: Rs 29027.28| LTP: Rs 28730
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Titan Company
200 DMA: Rs 4432.61| LTP: Rs 4424.2
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Vodafone Idea
200 DMA: Rs 12.30| LTP: Rs 12.28