Positive Breakout: These 5 stocks cross above their 200 DMAs
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Upside Ahead?
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 27, 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.
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Heidelberg Cement India
200 DMA: Rs 218.04| LTP: Rs 226.75
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Epigral
200 DMA: Rs 1748.83| LTP: Rs 1788.2
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Texmaco Infrastructure & Holdings
200 DMA: Rs 123.91| LTP: Rs 126.38
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ICICI Bank
200 DMA: Rs 1218.63| LTP: Rs 1227.95
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Sumitomo Chemical India
200 DMA: Rs 503.29| LTP: Rs 505.85