ICICI Bank, Tech Mahindra, 6 other stocks cross 200-day SMA

In the world of stock trading, investors rely on a multitude of indicators to guide their decisions, and one of the most significant indicators is the 200-day Simple Moving Average (SMA). On October 30, several major stocks achieved a significant milestone by surpassing their 200-day SMA, signaling potential shifts in their stock trends.

Let's explore the performance of these stocks. (Data Source: StockEdge)
1. Tata Consultancy Services (TCS)
200-Day SMA: 3357.06 | Closing Price: 3378.55


2. ICICI Bank
200-Day SMA: 919.6 | Closing Price: 924.9

3. Mahanagar Gas
200-Day SMA: 1005.44 | Closing Price: 1017.15

4. RHI Magnesita India
200-Day SMA: 688.81 | Closing Price: 692

5. Ambuja Cements
200-Day SMA: 420.06 | Closing Price: 421.95

6. Deepak Nitrite
200-Day SMA: 1989.13 | Closing Price: 1990.95

7. Tech Mahindra
200-Day SMA: 1125.92 | Closing Price: 1126.9

8. BASF India
200-Day SMA: 2509.43 | Closing Price: 2510.45

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(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)