Positive Breakout: Vedanta among 4 stocks that rose above their 200 DMAs

In the Nifty500 pack, four stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on May 24, 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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