The 200-day DMA is used as a key indicator by traders to determine a particular stock’s overall trend. 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.
Ant Financial to sell shares worth Rs 2,200 crore in Paytm parent
Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing price of Rs 866