Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks' closing prices crossed below their 200-day moving averages (DMA) on October 21, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used technical indicator that helps traders assess a stock's overall trend.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
