The broader indices, the BSE Sensex and the NSE Nifty, lost considerable ground in the last week and slipped nearly 4 per cent each. This sharp fall has pushed several stocks, especially from the broader markets, below the 200-day moving average (200-DMA).
Technically, traders and investors view 200-day moving average (DMA) as an indicator to decide on the investment strategy. Although this is a simple mean of 200-sessions, the existence of any stock above and below it exhibits the underneath strength and momentum. Any stock trading above 200-DMA is seen positively by traders and ...
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