Positive Breakout: IndusInd Bank and 3 other stocks cross above their 200 DMA

Upside Ahead?

In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 29, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.