Positive Breakout: Sheela Foam and 4 other stocks cross above their 200 DMA
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Upside Ahead?
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks close prices crossed above their 200 DMA (Daily Moving Averages) on September 20, 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.
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.
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Cosmo First
200 DMA: Rs 674.51| LTP: Rs 699.75
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Jindal Poly Films
200 DMA: Rs 671.12| LTP: Rs 688.4
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4/6
Sheela Foam
200 DMA: Rs 1152.16| LTP: Rs 1168.65
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Hindustan Foods
200 DMA: Rs 575.45| LTP: Rs 577.3
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Aavas Financiers
200 DMA: Rs 1664.48| LTP: Rs 1669.2