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.
Breakout Stocks: How to trade JSW Holdings and HCL Technologies on Monday
The Indian market remained volatile throughout Thursday’s trading session. The BSE Sensex fell by more than 100 points, while the Nifty50 closed above the 23,500