Positive Breakout: These 12 stocks cross above their 200 DMAs – Upside Ahead?

As on January 2, 23 stocks from the Nifty 500 universe closed above their 200-day moving average (DMA). From this group, we have highlighted the top 12 stocks that gained over 2.5%, according to stockedge.com’s technical scan data. The 200-day daily moving average (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