In the Nifty500 pack, eight stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on March 16, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Alkyl Amines shares plunge 4% as ammonia shortage from Iran war forces production halt at 3 sites
Alkyl Amines Chemicals’ shares dropped 4% after the company announced a temporary halt in production of certain products due to a shortage of ammonia, a