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

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Oct 24, 2024, 07:53:53 AM IST

Upside Ahead?

In the Nifty200 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 23, according to stockedge.com's technical scan data.

Agencies

What is 200-day DMA?

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:

Agencies

Aditya Birla Capital

200 DMA: Rs 209.52| LTP: Rs 211.04

ETMarkets.com

AU Small Finance Bank

200 DMA: Rs 650.93| LTP: Rs 652.05

ETMarkets.com

Bajaj Finance

200 DMA: Rs 6987.29| LTP: Rs 6995.8

ETMarkets.com

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