5 stocks closed above their 200 DMA (Daily Moving Averages) on June 1, 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:
Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall
Reliance Infrastructure share price: Reliance Infrastructure shares surged 5% after its arm, Reliance Defence, bagged a Rs 600-crore export order from Germany’s Rheinmetall, boosting global