In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 19, 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:
UBS’ double upgrade lifts Aarti Industries shares 3% higher, 31% upside predicted
The brokerage firm noted that their ‘seel’ rating was set against the backdrop of a peaking chemical cycle and risk to guidance/consensus expectations for the