Negative Breakout: These 14 stocks cross below their 200 DMAs

In the Nifty 500 segment, the closing prices of 14 stocks fell below their 200-day DMA (Daily Moving Average) on December 29, according to StockEdge’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:

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