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In the Nifty500 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 6, 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-117998878,width-1070,height-580,overlay-etmarkets/slideshow.jpg
https://economictimes.indiatimes.com/markets/stocks/news/positive-breakout-these-8-stocks-cross-above-their-200-dmas/upside-ahead/slideshow/117998878.cms
