Positive Breakout: Page Industriesand 4 other stocks cross above their 200 DMA

Ritesh Presswala, ETMarkets.com

May 31, 2024

​Upside Ahead?

​In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 30, 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

RHI Magnesita India

200 DMA: Rs 688.62| LTP: Rs 736.35

Image Source: ETMarkets.com

Bajaj Holdings & Investment

200 DMA: Rs 7812.16| LTP: Rs 7986.25

Image Source: ETMarkets.com

Page Industries

200 DMA: Rs 37293.27| LTP: Rs 37964.75

Image Source: ETMarkets.com

PNB Housing Finance

200 DMA: Rs 740.34| LTP: Rs 745.4

Image Source: ETMarkets.com

Sapphire Foods India

200 DMA: Rs 1420.79| LTP: Rs 1424.15

Image Source: ETMarkets.com

Thanks For Reading!

Next: These 6 consumer discretionary stocks hit a 52-week high

Read Next