A stock trading below its 200-day SMA is generally considered to be in a long-term downtrend, with the long-term average acting as overhead resistance. This scan lists NSE stocks currently below their 200-day simple moving average.
Trend traders avoid or short stocks below the 200 SMA; value and turnaround investors sometimes watch this list for names that may be basing before a recovery.
"Below the 200" marks weakness, not a bottom. Trying to bottom-fish stocks in a confirmed downtrend is high-risk without signs of a genuine reversal.
This is a Moving Averages scan. AlphaGrid computes it across 2,000+ NSE-listed stocks using end-of-day and intraday price data, refreshing through the trading session. Results are ranked and can be opened in the full screener, where you can add your own conditions and set alerts.
It signals a long-term downtrend. The 200-day average often acts as resistance, and most trend-following strategies stay away from stocks below it.
Generally trend traders do not. Some contrarian investors watch these for early basing patterns, but it carries higher risk and needs reversal confirmation.
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