Negative Breakout on April 29: These 4 stocks drop below their 200 DMAs

In the Nifty500 pack, four stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on April 29, according to stockedge.com's technical scan data. 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 to determine a particular stock's overall trend. Take a look: 200 DMA: Rs 2088.45| LTP: Rs 2067.



1 200 DMA: Rs 3021.28| LTP: Rs 3005 200 DMA: Rs 217.9| LTP: Rs 217.

67 200 DMA: Rs 86.55| LTP: Rs 86.52.