Positive Breakout: These 7 stocks cross above their 200 DMAs
1/8
Upside Ahead?
In the NSE list of stocks with a market cap over Rs 10,000 crore, seven stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on July 31, according to stockedge.com's technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine 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 in an overall uptrend. Take a look:
2/8
Bajaj Finserv
200 DMA: Rs 1916.14| LTP: Rs 2029.1
3/8
Hyundai Motor India
200 DMA: Rs 2101.97| LTP: Rs 2180.7
Amazon Top Deals
POWERED BY
4/8
Lumax Auto Technologies
200 DMA: Rs 1527.18| LTP: Rs 1568.3
5/8
ZF Commercial Vehicle Control Systems India
200 DMA: Rs 2384.8| LTP: Rs 2417.9
6/8
Hindustan Copper
200 DMA: Rs 486.64| LTP: Rs 491.6
7/8
Mahindra & Mahindra
200 DMA: Rs 3364.58| LTP: Rs 3398.5
8/8
Petronet LNG
200 DMA: Rs 279.17| LTP: Rs 280.75