Positive Breakout: These 9 stocks close cross above their 200 DMAs
1/10
Bullish Momentum
In the NSE list of stocks with a market cap over Rs 1,000 crore, 14 stocks closed above their 200-day moving average (DMA) on August 29, according to technical scan data from StockEdge.com. Of these, we have highlighted 9 stocks that posted gains of over 2%. 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:
2/10
CG Power and Industrial Solutions
200 DMA: Rs 665.01| LTP: Rs 694.3
3/10
Fino Payments Bank
200 DMA: Rs 275.13| LTP: Rs 280.95
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4/10
Veedol Corporation
200 DMA: Rs 1617.73| LTP: Rs 1651.8
5/10
SMS Pharmaceuticals
200 DMA: Rs 232.64| LTP: Rs 236.85
6/10
Steel Strips Wheels
200 DMA: Rs 212.32| LTP: Rs 216.14
7/10
Seamec
200 DMA: Rs 971.12| LTP: Rs 988.1
8/10
Astec Lifesciences
200 DMA: Rs 862.29| LTP: Rs 872.7
9/10
Alldigi Tech
200 DMA: Rs 959.67| LTP: Rs 970.75
10/10
Finolex Industries
200 DMA: Rs 210.07| LTP: Rs 211.92