In the Nifty500 pack, the closing prices of 18 stocks fell below their 200-day moving averages (DMA) on February 19, according to StockEdge.com’s technical scan data. Of these, we have highlighted 10 stocks that slipped more than 2%. 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:
Fundamentals intact but markets search for fresh triggers, says Karthikraj Lakshmanan
Indian equities are navigating uncertainties, with strong fundamentals and a supportive macro environment. Despite a disconnect between on-paper strength and market tickers, experts anticipate double-digit