In the NSE list of stocks with a market cap over Rs 1000 crore, 12 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on February 26, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine 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 in an overall uptrend. Take a look:
