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In the NSE large cap, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 17, 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:
https://img.etimg.com/thumb/msid-120400625,width-1070,height-580,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/positive-breakout-these-5-stocks-close-above-their-200-dma/trend-tracker/slideshow/120400625.cms
