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In the Nifty200 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 4, 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-121636045,width-1070,height-580,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/positive-breakout-these-6-stocks-close-cross-above-their-200-dma/uptrend-alert/slideshow/121636045.cms
