Kaynes & 2 other stocks have formed a bearish death cross pattern; Are you holding any?

The Death Cross is a bearish technical pattern that occurs when the 50-day moving average (DMA) crosses below the 200-day moving average (DMA). This crossover indicates a potential shift from an uptrend to a downtrend, signaling weakness in the stock or broader market. It is the opposite of the Golden Cross.

How to Trade the Death Cross:

• Breakdown Entry: Traders often look for short-selling opportunities once the 50 DMA moves decisively below the 200 DMA, confirming the downtrend.

• Target Price: The expected downward move can be estimated based on previous support levels.

• Stop-Loss: A stop-loss is placed above recent resistance levels to limit potential loss.

1. PB FINTECH

PB Fintech Limited is the parent company of Policybazaar and Paisabazaar, two of India’s leading online platforms for insurance and financial services. Policybazaar is a major online insurance aggregator, helping consumers compare and purchase various insurance products

With a market capitalization of Rs. 62,334 crores, the stock is trading at Rs. 1388. It has fallen 38.42 percent from its 52-week high of Rs. 2,254. The Crossover took place on 12th March at 1,660 levels.

2. INFO EDGE

Info Edge (India) Limited is a leading Indian internet-based company, best known for operating some of the country’s most popular online platforms in recruitment, real estate, education, and matrimony.

With a market capitalization of Rs. 83,754 crores, the stock is trading at Rs. 6,520. It has fallen 29.00 percent from its 52-week high of Rs. 9,194. The Crossover took place on 13th March at 7,512 level.

3. KAYNES TECHNOLOGY

Kaynes Technology India Limited is a leading electronics manufacturing services (EMS) and IoT solutions provider in India. The company specializes in the design, manufacturing, and assembly of electronic systems for industries such as automotive, aerospace, industrial automation, healthcare, and telecommunications.

With a market capitalization of Rs. 27,659 crores, the stock is trading at Rs. 4,428. It has fallen 43.40 percent from its 52-week high of Rs. 7,824. The Crossover took place on 12th March at 5,070 Levels.

Written By Abhishek Das

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