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:
BHEL shares rally up to 9% on receiving work order from Power Grid
BHEL share price: BHEL and Hitachi Energy India secured a contract from Power Grid to build HVDC terminal stations for a 6,000 MW renewable energy