Negative Breakout: These 11 stocks cross below their 200 DMAs – Downside Ahead
In the NSE list of stocks with a market cap over Rs 10,000 crore, 11 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on January 16, 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…