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Negative Breakout: These 5 stocks cross below their 200 DMAs

In the Nifty 200 pack, five stocks saw their closing prices fall below their 200-day moving averages (DMA) on September 9, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative…

Negative Breakout: These 5 stocks cross below their 200 DMAs
, ETMarkets.com|
Downside Ahead
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Downside Ahead

In the Nifty 200 pack, five stocks saw their closing prices fall below their 200-day moving averages (DMA) on September 9, according to technical scan data from StockEdge. Trading below the 200 DMA is generally considered a negative signal, as it suggests that a stock’s price is below its long-term trend. The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

ETMarkets.com

Mazagon Dock Shipbuilders
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Mazagon Dock Shipbuilders

200 DMA: Rs 2464.39| LTP: Rs 2408.8

ETMarkets.com

Tech Mahindra
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Tech Mahindra

200 DMA: Rs 1518.42| LTP: Rs 1508

ETMarkets.com

Mankind Pharma
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Mankind Pharma

200 DMA: Rs 2280.23| LTP: Rs 2265

ETMarkets.com

Persistent Systems
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Persistent Systems

200 DMA: Rs 5449.65| LTP: Rs 5419

ETMarkets.com

Godrej Properties
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Godrej Properties

200 DMA: Rs 1864.72| LTP: Rs 1857.1

ETMarkets.com

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Reported by Written by Ritesh Presswala · Syndicated via official news feed

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