RIL, Dr Reddy's Labs: 5 Nifty500 stocks cross 200-DMA, defying weak trend

Following a strong close over the 200-DMA set at Rs 2,559, the chart structure of Reliance Industries reveals a "Double Bottom" breakout

Avdhut Bagkar | Mumbai
Last Updated at January 10, 2023 11:48 IST

200-DMA is a vital indicator while considering any investment in the stock marker

Market participants consider stocks, which revive back above 200-day moving average (DMA), as the most risk-averse picks from a short-to-medium term perspective. Recently, the benchmark indices witnessed rout wherein it saw three-day losing streak in the last week, implying a shift in sentiment.

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