Oberoi Realty, Dalmia Bharat, 7 others gain momentum by crossing 20-day SMA
20 SMA is a popular technical indicator used to assess recent price trends. When a stock crosses its 20 SMA, it often attracts the attention of traders and investors looking for potential opportunities. Let's delve into the stocks that crossed their 20 SMA on July 3, 2023, and provide a brief overview of these companies.
(Data Source: StockEdge)1. Canara Bank Canara Bank is a prominent public sector bank in India. On July 3, 2023, the stock closed at Rs 318.5, surpassing its 20 SMA of Rs 305.95.2. Indian Overseas Bank Indian Overseas Bank is a public sector bank in India.
With a closing price of Rs 24.95 on July 3, 2023, the stock crossed its 20 SMA of Rs 24.51.3. General Insurance Corporation of India General Insurance Corporation of India is a state-owned insurance company. On July 3, 2023, the stock closed at Rs 185.7, surpassing its 20 SMA of Rs 183.86.
Investors tracking the insurance industry may find this occurrence noteworthy, considering the company's market position.4. The Ramco Cements Ramco Cements is a leading cement manufacturing company. With a closing price of Rs 940.5 on July 3, 2023, the stock crossed its 20 SMA of Rs 931.76.5. Oberoi Realty Oberoi Realty is a prominent real estate development company.
On July 3, 2023, the stock closed at Rs 998.5, surpassing its 20 SMA of Rs 989.42. This event may draw the attention of investors tracking the real estate industry, particularly those looking for potential upward price movements.6. Dalmia Bharat Dalmia Bharat is a leading cement manufacturer in India.
With a closing price of Rs 2200.35 on July 3, 2023, the stock crossed its 20 SMA of Rs 2185.72.7. NMDC NMDC is a public sector mining company. On July 3, 2023, the stock closed at Rs 107.5, surpassing its 20
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