Negative Breakout: These 12 stocks cross below their 200 DMAs

In the Nifty500 pack, 12 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on February 24, 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 2251.04| LTP: Rs 2159.9

200 DMA: Rs 1513.68| LTP: Rs 1455.6

200 DMA: Rs 1007.64| LTP: Rs 986

200 DMA: Rs 1975.65| LTP: Rs 1941

200 DMA: Rs 1150.33| LTP: Rs 1131.7

200 DMA: Rs 1923.44| LTP: Rs 1894.6

200 DMA: Rs 1930.05| LTP: Rs 1903.9

200 DMA: Rs 1845.98| LTP: Rs 1821

200 DMA: Rs 1187.89| LTP: Rs 1177.5

200 DMA: Rs 504.16| LTP: Rs 502.45

200 DMA: Rs 43.75| LTP: Rs 43.61

200 DMA: Rs 455.77| LTP: Rs 455.65