Positive Breakout: These 5 stocks cross above their 200 DMAs

14 hours ago 2

Dec 24, 2024, 08:19:57 AM IST

Upside Ahead?

In the Nifty200 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 23, 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:

Agencies

JSW Steel

200 DMA: Rs 922.27| LTP: Rs 937.05

ETMarkets.com

State Bank Of India

200 DMA: Rs 813.86| LTP: Rs 821.15

ETMarkets.com

Alkem Laboratories

200 DMA: Rs 5441.2| LTP: Rs 5481.9

ETMarkets.com

The Phoenix Mills

200 DMA: Rs 1648.81| LTP: Rs 1655

ETMarkets.com

Sundaram Finance

200 DMA: Rs 4517.01| LTP: Rs 4518.7

ETMarkets.com

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