Positive Breakout: These 4 stocks rose above their 200 DMAs
1/5
Rising High
In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on March 25, 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
HEG
200 DMA: Rs 436.87| LTP: Rs 483
3/5
Ultratech Cement
200 DMA: Rs 11298.74| LTP: Rs 11421.2
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4/5
Syrma SGS Technology
200 DMA: Rs 485.93| LTP: Rs 487.9
5/5
Saregama India
200 DMA: Rs 519.63| LTP: Rs 520.65