Positive Breakout: These 3 stocks close cross above their 200 DMAs

Oct 23, 2024, 08:18:45 AM IST

In the Nifty500 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 22, according to stockedge.com's technical scan data.

Agencies

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:

ETMarkets.com

200 DMA: Rs 153.06| LTP: Rs 168.51

ETMarkets.com

200 DMA: Rs 589.96| LTP: Rs 594.55

ETMarkets.com

200 DMA: Rs 1580.49| LTP: Rs 1583.85

ETMarkets.com