Nykaa, Finolex, Exide see Death Cross on chart; stocks can fall up to 20%

Quick Summary:

The 'Death Cross' term is used when the stock's 50-DMA falls below 200-DMA; which in general leads to a tepid trend thereafter.

The current chart set-up suggests that the overall bias is likely to remain 'Sell on Rise' as long as the stock trades below Rs 532.

CLICK HERE FOR THE CHART  On the downside, the stock is seen seeking support around its recent lows at Rs 1,250 levels.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Exide share price Finolex share price Knr constructions share price Stocks to sell Finolex stock price Signature global share price Signature global stock price Exide stock price Market technicals Knr constructions stock price Death cross Stocks to avoid Nykaa share price Technical charts Nykaa stock price Trading strategies

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Article Type: News Report

Published On: 2024-12-16 @ 14:15:09 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 789 words

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Copyright Owner: © Business Standard

News ID: 24428854

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