Positive Breakout: These 9 stocks cross above their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
1/10
Upside Ahead?
On August 3, 20 stocks in the Nifty500 pack saw their closing prices cross above their 200-day moving averages (DMA). Among them, we have highlighted the top nine stocks that gained more than 3%, based on StockEdge.com's technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
2/10
Urban Company
200 DMA: Rs 130.34| LTP: Rs 146.19
3/10
Ashok Leyland
200 DMA: Rs 166.9| LTP: Rs 174.55
4/10
Jyoti CNC Automation
200 DMA: Rs 824.8| LTP: Rs 858.3
5/10
eClerx Services
200 DMA: Rs 1861.17| LTP: Rs 1922.2
6/10
APL Apollo Tubes
200 DMA: Rs 1904.98| LTP: Rs 1941.5
7/10
Blue Dart Express
200 DMA: Rs 5351.3| LTP: Rs 5427
8/10
Aavas Financiers
200 DMA: Rs 1420.55| LTP: Rs 1439
9/10
Sundaram Finance
200 DMA: Rs 4798.68| LTP: Rs 4828.7