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    Adani Ports, Deepak Nitrite and 6 other stocks break above 200-day SMA

    Synopsis

    Crossing the 200-day SMA is a significant technical indicator for investors, suggesting potential positive price trends for these stocks

    Adani Ports, Deepak Nitrite and 6 other stocks break above 200-day SMAiStock
    Crossing the 200-day SMA is a significant technical indicator for investors, suggesting potential positive price trends for these stocks. Notable gainers were Adani Ports and Special Economic Zone, Sobha, and more, showcasing strong growth potential. (Data Source: StockEdge):

    1. Adani Ports and Special Economic Zone

    Adani Ports and Special Economic Zone, part of the Adani Group, demonstrated strong performance as its stock crossed the 200-day SMA at Rs 737.73 and closed at Rs 749.25 on July 25.

    2. Sobha

    Sobha, a prominent real estate developer, witnessed an impressive surge, touching a 52-week high of Rs 579.1.

    3. Indus Towers

    Indus Towers showcased positive momentum as its stock crossed the 200-day SMA at Rs 169.86 and closed at Rs 171.8 on July 25.

    4. Adani Power

    Adani Power demonstrated strength in the market as its stock reached a 52-week high of Rs 260.15, crossing the 200-day SMA at Rs 257.83. The company is a key player in the power generation and distribution sector.

    5. Rain Industries

    Rain Industries witnessed an upswing in its stock price, touching a 52-week high of Rs 166.75, crossing the 200-day SMA at Rs 165.4. The company is a leading manufacturer of carbon and chemical products.

    6. Rallis India

    Rallis India showcased strong market movement as its stock reached a 52-week high of Rs 214.6, crossing the 200-day SMA at Rs 213.21. The company is a prominent player in the agrochemicals and crop protection industry.

    7. Deepak Nitrite

    Deepak Nitrite, a diversified chemical manufacturer, demonstrated positive momentum as its stock reached a 52-week high of Rs 2007.85, crossing the 200-day SMA at Rs 2006.04.

    8. The India Cements

    The India Cements achieved a notable milestone with its stock crossing the 200-day SMA at Rs 212.06 and closing at Rs 212.25 on July 25.

    (Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)



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