Stocks such as Aarti Industries, Atul, Fine Organic Industries, Sumitomo Chemical, and Vinati Organics have fallen 10-20% so far this year compared with a 9.5% gain in the Nifty index.
Negative Breakout: These 8 midcap stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.