Positive Breakout: These 5 stocks close cross above their 200 DMA

Ritesh Presswala, ETMarkets.com

Jul 1, 2024

Upside Ahead?

In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 28, 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:

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Gujarat Narmada Valley Fertilizers & Chemicals

200 DMA: Rs 680.33| LTP: Rs 710.5

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MRF

200 DMA: Rs 125733.84| LTP: Rs 129459.15

Image Source: ETMarkets.com

Bata India

200 DMA: Rs 1498.86| LTP: Rs 1513.75

Image Source: ETMarkets.com

Piramal Enterprises

200 DMA: Rs 918.95| LTP: Rs 927

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Atul

200 DMA: Rs 6430.33| LTP: Rs 6479.5

Image Source: ETMarkets.com

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