Oct 25, 2024, 08:09:51 AM IST
In the Nifty200 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 24, 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:
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ETMarkets.com
200 DMA: Rs 1419.04| LTP: Rs 1429.65ETMarkets.com
200 DMA: Rs 920.71| LTP: Rs 924.3ETMarkets.com
200 DMA: Rs 1492.21| LTP: Rs 1492.3ETMarkets.com
200 DMA: Rs 534.95| LTP: Rs 535ETMarkets.com
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