As long as the stock is above the same, the uptrend wave is likely to continue. Above this, it could move up to Rs 3,900-4,000. Traders may prefer to exit from the trading long positions on a close below Rs 3,550.
Positive Breakout: Sanghvi Movers, Motherson Sumi among 10 stocks close cross above their 200 DMA
A total of 15 NSE-listed stocks with a market capitalisation of over Rs 1,000 crore closed above their 200-day moving average (DMA) as of August