Positive Breakout: These 8 stocks cross above their 200 DMAs
By Ritesh Presswala, ETMarkets.com |
1/9
Upside Ahead?
In the Nifty500 pack, eight stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on August 24, 2026, according to stockedge.com's technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
2/9
Mahanagar Gas
200 DMA: Rs 1114.34| LTP: Rs 1127.7
3/9
Transformers & Rectifiers
200 DMA: Rs 299.17| LTP: Rs 302.1
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4/9
The Great Eastern Shipping Company
200 DMA: Rs 1320.66| LTP: Rs 1333
5/9
Bharat Dynamics
200 DMA: Rs 1358.6| LTP: Rs 1368
6/9
Fortis Healthcare
200 DMA: Rs 916.43| LTP: Rs 918
7/9
Narayana Hrudayalaya
200 DMA: Rs 1856.62| LTP: Rs 1859.8
8/9
Rites
200 DMA: Rs 219.79| LTP: Rs 220.14