Death Crossovers: M&M among 6 stocks that signal bearishness on April 19

In the NSE list of stocks, six stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, 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 crossed below their 200-day SMAs on April 18. Take a look:

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