Upside Ahead?
In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 27, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
