Nifty 50 Stocks Trading Near 200 DMA
The 200-day moving average (DMA) is one of the most followed technical indicators in the market. When a stock is trading near its 200 DMA, it often signifies a crucial support or resistance level. Traders and investors monitor this level to assess long-term trends and potential reversal points. Below is a list of stocks currently hovering near their 200 DMA.
FAQs
What DMA stands for in Stock Trading?
In Stock Trading, DMA stands for Daily Moving Average.
Why is 200 DMA important in stock analysis?
The 200 DMA is a long-term trend indicator. Stocks trading near this level may be at critical points, often used by traders to determine support or resistance zones.