Negative Breakout: These 10 large-cap stocks cross below their 200 DMAs

In the NSE large-cap pack, 11 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on March 23, 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 key indicator by traders for determining the overall trend in a particular stock. Take a look:

200 DMA: Rs 512.69| LTP: Rs 487.65

200 DMA: Rs 3215.15| LTP: Rs 3115.6

200 DMA: Rs 109.53| LTP: Rs 106.59

200 DMA: Rs 8968.69| LTP: Rs 8776

200 DMA: Rs 269.74| LTP: Rs 265.9

200 DMA: Rs 1124.66| LTP: Rs 1109.6

200 DMA: Rs 131.01| LTP: Rs 129.56

200 DMA: Rs 409.98| LTP: Rs 405.5

200 DMA: Rs 1264.76| LTP: Rs 1253.3

200 DMA: Rs 6690.19| LTP: Rs 6681.5