Negative Breakout: These 8 midcap stocks cross below their 200 DMAs

In the NSE midcap pack, 8 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on May 18, 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 line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:

200 DMA: Rs 516.82| LTP: Rs 501.95

200 DMA: Rs 140| LTP: Rs 138.22

200 DMA: Rs 875.82| LTP: Rs 865.65

200 DMA: Rs 320.08| LTP: Rs 317.25

200 DMA: Rs 817.08| LTP: Rs 810

200 DMA: Rs 1671.2| LTP: Rs 1668.4

200 DMA: Rs 2816.57| LTP: Rs 2815

200 DMA: Rs 95.09| LTP: Rs 95.04