Technical breakthrough: SpiceJet, IRCTC among 8 stocks which have crossed 100-day SMA

Several Indian companies, including Asian Star Company, NMDC, Vedant Fashions, Dwarikesh Sugar Industries, Sagar Cements, SpiceJet, Indian Railway Catering And Tourism Corporation and Finolex Industries, crossed their 100-day Simple Moving Average (SMA) on July 12, signifying a potential shift in the market sentiment. Experts closely monitor the 100-day SMA, which represents a stock’s average closing price over the past 100 days, for signs of bullish momentum.