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

Ritesh Presswala, ETMarkets.com

Jun 28, 2024

Upside Ahead?

In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 27, 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:

Image Source: ETMarkets.com

LTIMindtree

200 DMA: Rs 5293.28| LTP: Rs 5377.05

Image Source: ETMarkets.com

CSB Bank

200 DMA: Rs 364.06| LTP: Rs 365.65

Image Source: ETMarkets.com

Mphasis

200 DMA: Rs 2440.16| LTP: Rs 2442.1

Image Source: ETMarkets.com

Procter & Gamble Hygiene and Health Care

200 DMA: Rs 16810.07| LTP: Rs 16817.35

Image Source: ETMarkets.com

Bajaj Finance

200 DMA: Rs 7164.87| LTP: Rs 7166.75

Image Source: ETMarkets.com

Thanks For Reading!

Next: These 4 capital goods stocks hit fresh 52-week highs; rallied up to 50% in a month

Read Next