Positive Breakout: These 9 stocks close cross above their 200 DMA – Bullish Signal
In the NSE list of stocks with a market cap over Rs 1,000 crore, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on August 01, 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:
