In the Nifty500 pack, five stocks' closing prices crossed above their 200-day moving averages (DMA) on June 27, based on technical scan data from stockedge.com. The 200-day DMA is a crucial indicator used by traders to assess the long-term trend of a stock. As long as a stock's price remains above its 200-day SMA on a daily timeframe, it typically indicates an overall uptrend.
Comments
Post a Comment