Positive Breakout: These 4 stocks closed above their 200 DMAs

In the Nifty500 group, four stocks saw their closing prices surpass the 200-day moving average (DMA) on March 6. These stocks had also gained over 4% in the previous trading session, 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. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look: