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' closing prices crossed above their 200 DMA (Daily Moving Averages) on July 06, according to stockedge.com's technical scan data. The 200-day daily moving average (DMA) is a key indicator traders use to determine 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 in an overall uptrend. Take a look:
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Dixon Technologies (India)
200 DMA: Rs 12753.02| LTP: Rs 13304
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TVS Holdings
200 DMA: Rs 14160.48| LTP: Rs 14345
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Bharat Electronics
200 DMA: Rs 420.24| LTP: Rs 425.55
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Mazagon Dock Shipbuilders
200 DMA: Rs 2551.92| LTP: Rs 2573.9
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Tilaknagar Industries
200 DMA: Rs 452.15| LTP: Rs 455.4
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Sobha
200 DMA: Rs 1447.7| LTP: Rs 1457
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Ashok Leyland
200 DMA: Rs 165.08| LTP: Rs 166.12
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Bharat Dynamics
200 DMA: Rs 1400.72| LTP: Rs 1409.6