Positive Breakout: These 7 stocks cross above their 200 DMAs
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Upside Ahead?
In the Nifty 500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 17, 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:
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Bayer CropScience
200 DMA: Rs 5553.5| LTP: Rs 5654.5
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CG Power and Industrial Solutions
200 DMA: Rs 682.77| LTP: Rs 694.1
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MMTC
200 DMA: Rs 70.96| LTP: Rs 72.09
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Mahanagar Gas
200 DMA: Rs 1419.87| LTP: Rs 1433.5
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Pidilite Industries
200 DMA: Rs 3008.1| LTP: Rs 3018.3
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Ambuja Cements
200 DMA: Rs 550.76| LTP: Rs 550.9
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Aegis Logistics
200 DMA: Rs 784.19| LTP: Rs 784.3