In the Nifty500 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 30, 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:
