Death Crossovers: TCS among 7 stocks that signal bearishness

In the NSE list of stocks, seven stocks with a market cap of over Rs 250 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. These stocks’ 50-day SMA crossed below their 200-day SMAs on May 04. Take a look:

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