In the NSE mid-cap pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 25, 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:
Morgan Stanley upgrades Grasim to ‘Overweight’, raises target price to Rs 3,500
Morgan Stanley has upgraded Grasim Industries to ‘Overweight,’ citing the paints business’s scaling and improved visibility. The brokerage anticipates a 29% upside, raising the price