These 6 stocks trade above their 200-DMAs, but are much below their 52-week highs

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend. On analysis, We found there are 6 stocks in the Nifty 100 index that are trading above 200-DMA but are still at least 25 percent away from their 52-week highs (Data Source: ACE Equity).

Tata Motors | As on September 28, the stock was trading at Rs 133, which is 34 percent below it 52-week high of Rs 201.70. The 200-DMA value for the stock is Rs 124.

Interglobe Aviation  | As on September 28, the stock was trading at Rs 1275, which is 33 percent below it 52-week high of Rs 1898.85. The 200-DMA value for the stock is Rs 1148.

Bajaj Finance  | As on September 28, the stock was trading at Rs 3335, which is 32 percent below it 52-week high of Rs 4923.40. The 200-DMA value for the stock is Rs 3321

Piramal Enterprises  | As on September 28, the stock was trading at Rs 1283, which is 30 percent below it 52-week high of Rs 1829.49. The 200-DMA value for the stock is Rs 1281.

Siemens  | As on September 28, the stock was trading at Rs 1246, which is 27 percent below it 52-week high of Rs 1717.45. The 200-DMA value for the stock is Rs 1243.

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Reliance Jio Q3 results: Profit grows to Rs 3,489 crore; ARPU rises to Rs 151

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Futures Trade | A bullish breakout of a flag pattern in HDFC

HDFC is moving in an uptrend with a minor corrective decline. The range is classified as a flag and a breakout of falling minor trendline confirms a possible upside. HDFC is moving in an uptrend with a minor corrective decline from Nov 20 highs. The decline is on lower, contracting volumes and suggests a correction within an ongoing trend. The range-bound action can also be classified as a flag as it is on coming off a sharp rally. A breakout of falling minor trendline confirms a possible upside. Buy around Rs 2300-2310. Keep a stop below Rs 2250 and hold for a target of Rs 2400 and above that to Rs 2450.

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