In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
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Adani Ports shares shed 3% after Q1 results. Here’s why Nomura and other brokerages see up to 24% upside
Shares of Adani Group firm Adani Ports and Special Economic Zone (APSEZ) declined 3% to Rs 1,675.55 on the BSE...
