In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed above their 200 DMA (Daily Moving Averages) on May 25, 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.
Tech View: Nifty forms Shooting Star candle. What should traders do on Thursday
Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further