In the Nifty500 pack, these eight stocks closed above their 200 DMA (Daily Moving Averages) on April 11, 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:
Did Goodluck India shares really crash 66% in just one day? Here’s how the bonus math works
Goodluck India shares appeared to plunge 66% after adjusting for the company’s 2:1 bonus issue, but the stock was down only around 4% on an