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Sanjay Ahuja

19th Dec · SEBI-Registered Analyst

THREE STOCKS THAT HAVE CROSSED ABOVE THEIR 200 DMAs AND GIVING A POSITIVE BREAKOUT

The 200-day daily moving average (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. Below are 3 stocks that are trading above their 200-day SMA:

WALCHANNAG
- the company is involved in heavy engineering business. The stock has crossed it's 200-DMA price of Rs 190 and is currently trading at Rs 197.
MOTILALOFS
- this is a well-diversified financial services firm providing services in stock broking, investments, mutual funds, etc. The stock has crossed it's 200-DMA price of Rs 843 and is currently trading at Rs 867.
AXISCADES
- this is a technology solutions company focussing on engineering solutions and services. The stock has crossed it's 200-DMA price of Rs 1,242 and is currently trading at Rs 1,251.

#WatchOutFor#FundamentalViews#TrendingSectors#Miscellaneous#MacroViews
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