2 Bluechip Stocks Trading Close To 200 DMA

200 DMA or 200 Daily moving average in simple words is the price average calculated with 200 days as the period. And the current price if juxtaposed to the 200 DMA offers significant insights to themselves to the technical analysts or investor community.

Typically if the stock price currently trades higher than its 200 DMA, it is inferred to be in a bullish zone.

Key points on 200 DMA is a technical indicator for market analysts precisely and helps in ascertaining long term trends for a scrip. The indicator represented as a line on a chart moves higher and lower along the longer term price moves in the underlying asset be it stock or any other asset category for that matter.

Likewise, as 200 DMA is a useful tool for varied reasons and helps to determine:

Robust technically and fundamentally strong stocks

Know of the market trends

Also traders are able to know of the key price points that have not been breached. As per the report, stocks before breaching the 200 DMA usually show a tendency to deflect.

Stock	Current price	200 DMA
RIL	2411	2510.17
TCS	3260.4	3588.6

Thus if these 2 stocks happen to breach the 200 DMA there shall be positive momentum seen in them going forward.

So, here are the stocks that are trading close to their 200 DMA