In the Nifty500 pack, 15 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 22, 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 a key indicator traders use to determine the overall trend in a particular stock. Take a look:
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