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In the Nifty 200 pack, seven stocks closed below their 200 DMA (Daily Moving Average) on March 9, according to StockEdge’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that a stock’s price is below its long-term trend line. The 200 DMA is widely used by traders as a key indicator to determine the overall trend in a particular stock. Take a look:
https://img.etimg.com/thumb/msid-129368408,width-1200,height-900,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/negative-breakout-these-7-stocks-cross-below-their-200-dmas/downside-ahead/slideshow/129368408.cms
