Negative Breakout: These 9 stocks cross below their 200 DMAs
1/10
Downside Ahead
In the Nifty500 pack, nine stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on August 14, 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:
2/10
Natco Pharma
200 DMA: Rs 942.07| LTP: Rs 903.15
3/10
Sammaan Capital
200 DMA: Rs 156.15| LTP: Rs 152.39
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4/10
Gujarat Mineral Development Corporation
200 DMA: Rs 590.04| LTP: Rs 580.8
5/10
Hindustan Zinc
200 DMA: Rs 569.83| LTP: Rs 561.9
6/10
Abbott India
200 DMA: Rs 27391.3| LTP: Rs 27060
7/10
Nuvoco Vistas Corporation
200 DMA: Rs 335.27| LTP: Rs 331.55
8/10
Aavas Financiers
200 DMA: Rs 1410.56| LTP: Rs 1397.4
9/10
Tata Communications
200 DMA: Rs 1730.98| LTP: Rs 1718.1
10/10
Lupin
200 DMA: Rs 2239.39| LTP: Rs 2235