Stage 4 Downtrend

Stan Weinstein called the declining phase of a stock cycle Stage 4. It is the mirror image of the Stage 2 uptrend: stacked falling averages show selling on every time frame. Long investors avoid these names; short sellers look for entries on rallies. This screen lists stocks on the Bombay Stock Exchange trading below the 50-day moving average with the 50-day below the 150-day and the 150-day below a 200-day average that is lower than a month ago, down more than 20% in six months with a relative strength rank below 30, weakest first. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.