Death Crossovers: These 5 stocks signal further bearishness

In the NSE list of stocks, five stocks with a market cap of over Rs 500 crore witnessed Death Crossovers on December 16, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA of these stocks crossed below their 200-day SMA. Take a look:

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