Positive Breakout: These 9 stocks crossed their 200 DMAs

May 8, 2023

In the NSE list of stocks with a market cap of over Rs 1000 crore, nine stocks crossed above their 200 DMAs (Daily Moving Averages) on May 5, 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.

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