Positive Breakout: Sun TV and 4 other stocks cross above their 200 DMA

Ritesh Presswala, ETMarkets.com

Apr 12, 2024

​Upside Ahead?

In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on April 10, 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:

​Sun TV Network

200 DMA: Rs 612.1| LTP: Rs 630.7

​Kotak Mahindra Bank

200 DMA: Rs 1791.61| LTP: Rs 1825.95

​DCM Shriram

200 DMA: Rs 959.42| LTP: Rs 974.05

​Sumitomo Chemical India

200 DMA: Rs 401.96| LTP: Rs 404.35

​Finolex Cables

200 DMA: Rs 1000.16| LTP: Rs 1001.45

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