Positive Breakout: IndusInd Bank and 5 other stocks cross above their 200 DMA

Positive Breakout: IndusInd Bank and 5 other stocks cross above their 200 DMA

In the Nifty500 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 25, 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. The six stocks that have crossed above their 200 DMA are: CRISIL, Sumitomo Chemical India, IndusInd Bank, JK Paper, Fine Organic Industries, and Coromandel International.

CRISIL’s 200 DMA is Rs 4235.43 and the last traded price (LTP) is Rs 4354.05. Sumitomo Chemical India’s 200 DMA is Rs 400.33 and the LTP is Rs 407.05. IndusInd Bank’s 200 DMA is Rs 1481.15 and the LTP is Rs 1496.1. JK Paper’s 200 DMA is Rs 372.55 and the LTP is Rs 374.3. Fine Organic Industries’ 200 DMA is Rs 4543.94 and the LTP is Rs 4560.8. Coromandel International’s 200 DMA is Rs 1111.29 and the LTP is Rs 1111.95.

This positive breakout in these stocks indicates a potential upside ahead. Traders and investors may consider these stocks for further analysis and potential investment opportunities.

TIS Staff

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