In the Nifty500 pack, 10 stocks’ fallen over 4% and their closing prices crossed below their 200 DMA (Daily Moving Averages) on March 19, 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 for determining the overall trend in a particular stock. Take a look:
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