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In the Nifty500 pack, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks’ 50-day SMA crossed below their 200-day SMAs on March 13. Take a look:
https://img.etimg.com/thumb/msid-119096142,width-1070,height-580,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/death-crossovers-these-5-stocks-signal-bearishness-on-march-17/bearish-signs/slideshow/119096142.cms
