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In the Nifty200 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 23, 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:
https://img.etimg.com/thumb/msid-131952766,width-1200,height-900,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/negative-breakout-these-10-stocks-cross-below-their-200-dmas/downside-ahead/slideshow/131952766.cms
