Positive Breakout: Hindalco among 5 stocks that crossed their 200 DMAs

In the Nifty500 pack, five stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on April 27, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders to determine 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:

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