Negative Breakout: These 9 stocks drop below their 200 DMAs

In the Nifty500 pack, the closing prices of 20 stocks fell below their 200-day moving averages on June 11, according to StockEdge.com's technical scan data. Of these, we have highlighted 9 stocks that slipped more than 2%. 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:

200 DMA: Rs 1661.32| LTP: Rs 1612.4

200 DMA: Rs 3973.69| LTP: Rs 3860.2

200 DMA: Rs 159.8| LTP: Rs 155.7

200 DMA: Rs 379.34| LTP: Rs 370.4

200 DMA: Rs 7353.16| LTP: Rs 7290

200 DMA: Rs 63.47| LTP: Rs 63.07

200 DMA: Rs 468.17| LTP: Rs 465.3

200 DMA: Rs 2551.33| LTP: Rs 2536.1

200 DMA: Rs 1653.3| LTP: Rs 1651.4