Negative Breakout: These 7 stocks cross below their 200 DMAs

In the Nifty 200 pack, seven stocks closed below their 200 DMA (Daily Moving Average) on March 9, according to StockEdge’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that a stock’s price is below its long-term trend line. The 200 DMA is widely used by traders as a key indicator to determine the overall trend in a particular stock. Take a look:

200 DMA: Rs 344.91| LTP: Rs 331.15

200 DMA: Rs 1624.39| LTP: Rs 1583

200 DMA: Rs 1388.38| LTP: Rs 1355.8

200 DMA: Rs 93.47| LTP: Rs 92.07

200 DMA: Rs 1437.99| LTP: Rs 1421.3

200 DMA: Rs 394.72| LTP: Rs 392.8

200 DMA: Rs 115.3| LTP: Rs 115.07