Positive Breakout: These 7 stocks close cross above their 200 DMAs
The closing prices of 16 stocks from the Nifty500 pack crossed above their 200 DMA (Daily Moving Averages) on September 16. Among these, we have highlighted the top 7 that recorded gains exceeding 1.5%, according to stockedge.com's technical scan data. The 200-day daily moving average (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: Bullish Momentum
The closing prices of 16 stocks from the Nifty500 pack crossed above their 200 DMA (Daily Moving Averages) on September 16. Among these, we have highlighted the top 7 that recorded gains exceeding 1.5%, according to stockedge.com's technical scan data. The 200-day daily moving average (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: Bullish Momentum
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