Negative Breakout: These 7 stocks cross below their 200 DMAs – Downside Ahead
In the Nifty500 pack, 7 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 20, 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…