FOUR PSU STOCKS THAT HAVE TAKEN SUPPORT FROM THEIR 200-DAY MOVING AVERAGE TO KEEP ON YOUR WATCHLIST

The 200-day Simple Moving Average (SMA) is used by traders as a key indicator for determining the overall trend in a particular stock. One the stock crosses above it's 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Below are 4 PSU stocks that have crossed their 200-day SMA this week:

- the stock has crossed it's 200-day SMA of Rs 270 and is now trading at Rs 275 per share - the stock has crossed it's 200-day SMA of Rs 131 and is now trading at Rs 137 per share - the stock has crossed it's 200-day SMA of Rs 255 and is now trading at Rs 265 per share - the stock has crossed it's 200-day SMA of Rs 76 and is now trading at Rs 78 per share