In the NSE large-cap pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 22, 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:
RITES shares soar nearly 13% after securing Rs 532 crore order from Northeast Frontier Railway
RITES Ltd shares jumped 12.6% after securing a Rs 531.77 crore railway electrification order from Northeast Frontier Railway, boosting its order book to Rs 6,581