The stock rose over 4% in a week and over 17% in the last 3 months, which helped the stock to break out from a consolidation pattern last week.
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.