Oct 24, 2024, 07:53:53 AM IST
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
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
200 DMA: Rs 209.52| LTP: Rs 211.04ETMarkets.com
200 DMA: Rs 650.93| LTP: Rs 652.05ETMarkets.com
200 DMA: Rs 6987.29| LTP: Rs 6995.8ETMarkets.com
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