Technical Analysis: Stocks depicting death crossover in October

resr 5paisa Research Team 4th April 2022 - 02:15 pm
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Death crossover demands reviewing the stocks and taking appropriate actions. Here is the list of stocks having death crossover this month.

Today, October 29, 2021, is the last trading session of the month. The second half of October 2021 was not as enticing as the first half. In the first half of the month, markets soared around 7%, whereas in the second half it shed almost 80% of the gains made in the first half. Though it took good support at its 50-Day Exponential Moving Average (EMA), it is still trading below its 20-Day EMA. In such a case, it does make sense to look at stocks depicting death crossover.

The death crossover is nothing but a technical chart pattern that suggests a potential sell-off. The death crossover is witnessed when a stock’s short-term moving average crosses its long-term moving average from above. Usually, traders look at a negative crossover of 50-Day Moving Average (DMA) and 200-DMA.

Stocks 

Last Traded Price (Rs)* 

Per cent Change 

50 DMA 

200 DMA 

Crossover Date 

Apollo Tyres Ltd. 

215.5 

1.2% 

222.8 

223.1 

Oct 28, 2021 

Indraprastha Gas Ltd. 

470.6 

1.7% 

529.0 

530.1 

Oct 28, 2021 

MMTC Ltd. 

42.4 

-0.1% 

44.8 

44.9 

Oct 28, 2021 

MOIL Ltd. 

157.3 

-0.1% 

165.0 

166.0 

Oct 26, 2021 

National Fertilizers Ltd. 

54.8 

0.2% 

56.6 

57.0 

Oct 25, 2021 

Dhanuka Agritech Ltd. 

727.9 

-1.0% 

823.7 

833.8 

Oct 25, 2021 

NMDC Ltd. 

141.2 

4.9% 

148.7 

151.9 

Oct 22, 2021 

Sharda Cropchem Ltd. 

305.6 

0.1% 

320.0 

321.9 

Oct 21, 2021 

Bayer Cropscience Ltd. 

4,995.0 

-0.2% 

5,322.4 

5,414.9 

Oct 21, 2021 

NCC Ltd. 

71.3 

0.2% 

79.4 

81.0 

Oct 20, 2021 

Vaibhav Global Ltd. 

577.0 

-6.7% 

723.1 

747.2 

Oct 14, 2021 

Granules India Ltd. 

309.3 

-0.3% 

327.4 

336.6 

Oct 13, 2021 

Kaveri Seed Company Ltd. 

522.7 

-0.1% 

573.7 

611.4 

Oct 13, 2021 

Rallis India Ltd. 

263.6 

0.7% 

287.0 

292.6 

Oct 11, 2021 

Natco Pharma Ltd. 

819.8 

-0.8% 

913.8 

943.4 

Oct 11, 2021 

Hindustan Copper Ltd. 

128.0 

-0.8% 

122.0 

128.6 

Oct 08, 2021 

Alembic Ltd. 

104.0 

-0.7% 

111.3 

113.8 

Oct 07, 2021 

Sequent Scientific Ltd. 

192.2 

-5.3% 

219.3 

248.5 

Oct 04, 2021 

Glenmark Pharmaceuticals Ltd. 

503.1 

1.7% 

519.2 

549.5 

Oct 04, 2021 

Shriram Transport Finance Company Ltd. 

1,466.8 

-1.5% 

1,355.5 

1,364.6 

Oct 01, 2021 

* Last Traded Price (Rs) while writing. 

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