In the Nifty500 pack, the closing prices of seven stocks crossed above their 200-day DMA (Daily Moving Average) on May 30, according to technical scan data from StockEdge.com. The 200-day DMA is a key indicator used by traders to determine the long-term trend of a stock. When a stock trades above its 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend. Here’s a look:
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