UPL, Tata Power and DLF among 9 stocks which have crossed 20-day SMA

Closing above the 20-day Simple Moving Average (SMA) is a significant event for stocks as it indicates potential short-term bullish momentum and signals a positive trend. The 20 SMA is a widely used technical indicator that helps traders and investors gauge the near-term price action of a stock.

In this article, we will analyze the stocks that have crossed their 20 SMA on June 30, 2023, and explore the implications of this trend. (Data source: StockEdge)

1. Hero MotoCorp
Hero MotoCorp closed at Rs 2,910.10, surpassing its 20 SMA of Rs 2,871.11. Hero MotoCorp is one of the largest two-wheeler manufacturers in the world, known for its diverse range of motorcycles and scooters.

2. Coal India
Coal India closed at Rs 231, crossing its 20 SMA of Rs 228.12. Coal India is a government-owned leading coal mining company in India.

3. Bosch
Bosch achieved another milestone by closing at Rs 19,042.35, above its 20 SMA of Rs 18,888.72. Bosch is a renowned engineering and technology company, recognised for its expertise in automotive components, industrial technology, and consumer goods.

4. Bajaj Finance
One of India's leading non-banking financial company Bajaj Finance closed at Rs 7,160.60, surpassing its 20 SMA of Rs 7,106.44. The company offers a wide range of financial services and products to customers.

5. UPL
UPL achieved a significant milestone by closing at Rs 687.55, above its 20 SMA of Rs 683.25. UPL is a global leader in agrochemicals, providing innovative solutions for sustainable agriculture.

6. Tata Power
Integrated power company Tata Power closed at Rs 221.85, surpassing its 20 SMA of Rs 220.55.

7. DLF
DLF closed at Rs 490.55, crossing its 20 SMA of Rs 488.84. DLF is one of the largest real estate developers in India, with a significant presence in residential, commercial, and retail segments.

8. Indian Oil Corporation
India's largest oil refining and marketing company Indian Oil Corporation closed at Rs 91.30, surpassing its 20 SMA of Rs 90.98.

9. Hindustan Unilever
Hindustan Unilever (HUL) closed at Rs 2,678.15, crossing its 20 SMA of Rs 2,676.71. Hindustan Unilever is a leading consumer goods company, offering a wide range of products in categories such as home care, personal care, and foods.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)