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Negative Breakout on April 17: 4 stocks cross below their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 10,000 crore, four stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on April 17, 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:
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