Technical breakout: RIL, SBI among 7 largecap stocks cross 100-day SMA
SMA on August 22 reflect strong market sentiment and growth potential. This surge in stocks, including Asian Paints, State Bank Of India, Reliance Industries, and Coal India, underscores the resilience and potential for growth within these companies. Let's explore the performance of these stocks.
(Data Source: StockEdge)
1. Coal India
Coal India showcased robust growth by crossing its 100-day SMA, closing at Rs 230.75 on August 22. The company is a key player in the coal mining industry.
2. Bajaj Finserv
Bajaj Finserv marked a significant milestone by exceeding its 100-day SMA and closing at Rs 1467.8 on August 22.
The company operates in the financial and insurance sectors.
3. Asian Paints
Asian Paints showcased strong growth by surpassing its 100-day SMA and closing at Rs 3179.7 on August 22. The company is a prominent player in the paint and coatings industry.
4. Hindustan Zinc
Hindustan Zinc surpassed its 100-day SMA, closing at Rs 316.3 on August 22.
The company specializes in zinc and lead production.
5. Nestle India
Nestle India achieved a remarkable milestone by crossing its 100-day SMA and closing at Rs 22025.95 on August 22. The company is known for its presence in the food and beverage sector.
6. State Bank Of India
State Bank Of India demonstrated positive momentum by surpassing its 100-day SMA, closing at Rs 568.5 on August 22.
The company is a significant player in the banking and financial services sector.
7. Reliance Industries
Reliance Industries achieved growth by exceeding its 100-day SMA and closing at Rs 2519.4 on August 22. The company operates across various industries including petrochemicals, refining, and telecommunications.
(Disclaimer: This is an AI-generated article.
