Positive Breakout: These 8 stocks cross above their 200 DMAs
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Upside Ahead?
In the NSE list of stocks with a market cap over Rs 10,000 crore, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on April 20, 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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Triveni Turbine
200 DMA: Rs 527.46| LTP: Rs 576.2
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Balrampur Chini Mills
200 DMA: Rs 491.29| LTP: Rs 515.7
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Lloyds Enterprises
200 DMA: Rs 63.99| LTP: Rs 65.88
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Aegis Logistics
200 DMA: Rs 724.08| LTP: Rs 740.5
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Grindwell Norton
200 DMA: Rs 1591.78| LTP: Rs 1627.1
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Tube Investments of India
200 DMA: Rs 2817.26| LTP: Rs 2873.1
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Techno Electric & Engineering Company
200 DMA: Rs 1253.26| LTP: Rs 1264.25
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Oracle Financial Services Software
200 DMA: Rs 8048.28| LTP: Rs 8082.5