Positive Breakout: These 7 stocks cross above their 200 DMAs
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Upside Ahead?
In the NSE list of stocks with a market cap over Rs 1000 crore, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on March 30, according to stockedge.com's technical scan data. The 200-day daily moving average (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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Antelopus Selan Energy
200 DMA: Rs 543.76| LTP: Rs 569.7
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Kingfa Science & Technology
200 DMA: Rs 4085.44| LTP: Rs 4229.6
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AIA Engineering
200 DMA: Rs 3513.11| LTP: Rs 3636.6
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Thermax
200 DMA: Rs 3196.77| LTP: Rs 3260.7
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Medplus Health Services
200 DMA: Rs 828.03| LTP: Rs 839.9
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IRB Infrastructure Developers
200 DMA: Rs 21.84| LTP: Rs 22.14
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Atul
200 DMA: Rs 6352.87| LTP: Rs 6368.5