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Death Crossovers: 3 stocks signalling bearishness on April 8

A Death Cross is a bearish technical indicator that occurs when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average.

In the NSE list of stocks with a market capitalisation of over Rs 1,000 crore, three stocks are witnessing Death Crossovers, according to technical scan data from StockEdge.com. A Death Cross is a bearish technical indicator that occurs when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average.

On April 7, the 50-day SMA of the following stocks fell below their respective 200-day SMAs: CMP: Rs 54.51 | 50-Day SMA: Rs 65.49 | 200-Day SMA: Rs 66.

16 CMP: Rs 534.15 | 50-Day SMA: Rs 613.81 | 200-Day SMA: Rs 615.

08 CMP: Rs 644.50 | 50-Day SMA: Rs 697.02 | 200-Day SMA: Rs 698.

09.