Positive Breakout: These 4 stocks cross above their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
1/5
Upside Ahead?
In the Nifty200 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 14, 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:
2/5
Kalyan Jewellers India
200 DMA: Rs 579.61| LTP: Rs 596.4
3/5
SBI Cards And Payment Services
200 DMA: Rs 722.27| LTP: Rs 734.7
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4/5
Sundaram Finance
200 DMA: Rs 4547.57| LTP: Rs 4611.8
