Business

Positive Breakout: These 3 Nifty stocks cross above their 200 DMAs

In the Nifty50 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 2, according to stockedge.com's technical scan data.

Upside Ahead? In the Nifty50 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 2, according to stockedge.com's technical scan data. What is 200-day DMA? 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: Bajaj Finance 200 DMA: Rs 6974.49| LTP: Rs 7389.

2 Bajaj Finserv 200 DMA: Rs 1663.83| LTP: Rs 1700.65 Tata Consultancy Services 200 DMA: Rs 4124.

04| LTP: Rs 4175.75.