Negative Breakout: These 9 stocks close cross below their 200 DMAs
1/10
Bearish Alert
In the Nifty200 pack, nine stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on October 8, 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. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
2/10
Tata Motors
200 DMA: Rs 692.35| LTP: Rs 681.55
3/10
GAIL (India)
200 DMA: Rs 179.73| LTP: Rs 177.52
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4/10
Asian Paints
200 DMA: Rs 2,352| LTP: Rs 2,328.5
5/10
Adani Total Gas
200 DMA: Rs 634.67| LTP: Rs 629.25
6/10
Dr. Reddy's Laboratories
200 DMA: Rs 1,243.46| LTP: Rs 1,234.5
7/10
NTPC
200 DMA: Rs 335.21| LTP: Rs 333.8
8/10
Cipla
200 DMA: Rs 1,496.83| LTP: Rs 1,494.6
9/10
Oil & Natural Gas Corporation
200 DMA: Rs 242.16| LTP: Rs 241.81
10/10
Oil India
200 DMA: Rs 417.18| LTP: Rs 416.8