Raviji,

200 SMA is avg of past 200 days. So its there but it has some lag too..So ideally immediate crucial
moving average to follow in such a scenario is 50 SMA...As it assimilates the past 50 days...Thats
almost a quarter...so as of now, 50 SMA is falling so intermediate is down...Price till now didnt tested
50 SMA too...so ideal bounce if any will go towards 50 SMA in intermediate timeframe...

But yes, the more prices stay below 200 SMA it will be under pressure to test lower levels...thats for
sure...

The more bearish picture comes when 200 too will start to fall down..

Looking at past 1-year, its in sell mode, its below 200 SMA for me...Also it tried to attempt above 50
SMA(intermediate moving avg) but failed many a times...so its a stay away category for me...

Generally if stock is well below 200 SMA, and if there is some momentum oversold in macd like
indicators...oversold should be deep one...then the pullback rally goes till 200 SMA..these setups can
be played but with caution..as stock in downtrend begets lower levels...

For long. only the retracement in this november towards 200 SMA is good zone to go long...first
selling has been below avg, so sign of holding that zone has greater probability..
Kindly explain what is over sold in MACD since many talk of O/S in Stochastic & RSI.
And what is the thump rule for Deep o/s, time or No of bars or levels?

These set up can be played for Buy?

RSI and stochastics are oscillators so they played inside the band of 0-100...while MACD is momentum
one and unbounded one...so it can travel in one side for too long...

Generally smaller corrections in uptrend witness MACD readings just till zero level or slightly below
it...but once the lower reading below zero level are deeply cut...the oversold can be called a deep
one...if there is crucila s/r level chances of bounce are pretty high...

Posted charts of marico...watch how deeply oversold region is getting price support at 200 SMA...

Now, lets take a example if lupin macd chart...mark normal zones and ones that are deep ones...now
analyze it with price chart...