Tech Mahindra among 4 stocks that jumped above their 200 DMAs

May 16, 2023

In the Nifty200 pack, these four stocks closed above their 200 DMAs (Daily Moving Averages) on May 15, 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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