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Negative Breakout: Six stocks cross below their 200 DMAs

Oct 28, 2024, 08:03:18 AM IST

Downside Ahead

In the Nifty50 pack, six stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on October 25, 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:

ETMarkets.com

Hero MotoCorp

200 DMA: Rs 5078.33| LTP: Rs 4973.3

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Coal India

200 DMA: Rs 469.4| LTP: Rs 461.1

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Bharat Petroleum Corporation

4/7

Bharat Petroleum Corporation

200 DMA: Rs 311.76| LTP: Rs 306.3

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Bajaj Finance

200 DMA: Rs 6979.96| LTP: Rs 6910.15

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State Bank Of India

200 DMA: Rs 783.77| LTP: Rs 780.95

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Cipla

200 DMA: Rs 1493.22| LTP: Rs 1488.9

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