In the NSE list of stocks with a market cap over Rs 10,000 crore, seven stocks saw their closing prices cross above their 200-day moving averages (DMA) on February 18, according to StockEdge.com’s technical scan data. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock price is above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Global Market Today: Asian stocks rise following chip rally, oil slips
Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased. South Korea’s Kospi index