Negative Breakout: These 8 stocks cross below their 200 DMAs
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Downside Ahead
In the Nifty500 pack, eight stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on August 19, according to stockedge.com'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. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
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CESC
200 DMA: Rs 166.31| LTP: Rs 159.66
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Aadhar Housing Finance
200 DMA: Rs 486.19| LTP: Rs 474.4
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4/9
MMTC
200 DMA: Rs 63.34| LTP: Rs 62.15
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Jaiprakash Power Ventures
200 DMA: Rs 17.3| LTP: Rs 17.03
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3M India
200 DMA: Rs 34031.88| LTP: Rs 33505
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Timken India
200 DMA: Rs 3270.17| LTP: Rs 3231.8
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Bharat Dynamics
200 DMA: Rs 1361.23| LTP: Rs 1349
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JSW Cement
200 DMA: Rs 124.67| LTP: Rs 123.66