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In the Nifty500 pack, the closing prices of 22 stocks fell below their 200-day moving averages on May 11, according to StockEdge.com’s technical scan data. Of these, we have highlighted 11 stocks that slipped more than 3%. 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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https://economictimes.indiatimes.com/markets/stocks/news/negative-breakout-these-10-stocks-cross-below-their-200-dmas/downside-ahead/slideshow/131026739.cms
