77% of NSE500 stocks slip below their 200 SMA
Updated: 20 May 2022, 09:37 AM IST
TL;DR.When a stock price moves below the 200-day moving average, it's considered a bearish signal. When the price moves above, it's a bullish signal.
The Nifty 50 has declined 11% since April 1 and is trading 8.38% below its 200-day SMA.