In terms of price action, the stock is trading below the 5-DMA but above 10,20,30,50,100, and 200-DMA on the daily charts, which is a positive sign for the bulls.
On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory
In the Nifty50 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com’s technical scan data.
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