In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 27, 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.
Stocks to Buy | 2 top stock recommendations from Aditya Arora
Markets are showing impressive performance with FMCG and Metal sectors leading the way. Aditya Arora of Adlytick highlights Hindustan Unilever and Emami as promising stocks