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In the Nifty200 pack, 9 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 8, 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. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
https://img.etimg.com/thumb/msid-132275258,width-1200,height-900,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/negative-breakout-these-9-stocks-cross-below-their-200-dmas/downside-ahead/slideshow/132275258.cms
