Positive Breakout: These 8 stocks cross above their 200 DMAs
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Upside Ahead?
In the Nifty500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 4, 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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Bharat Dynamics
200 DMA: Rs 1181.29| LTP: Rs 1215.8
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Cyient
200 DMA: Rs 1891.44| LTP: Rs 1935.05
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Sonata Software
200 DMA: Rs 649.31| LTP: Rs 660.75
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Jindal Stainless
200 DMA: Rs 722.97| LTP: Rs 734
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Bank of Baroda
200 DMA: Rs 257.66| LTP: Rs 260.57
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HDFC Life Insurance Company
200 DMA: Rs 647.64| LTP: Rs 650.25
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Central Bank Of India
200 DMA: Rs 60.97| LTP: Rs 61.01
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Housing & Urban Development Corporation
200 DMA: Rs 242.03| LTP: Rs 242.06