The 200-day Simple Moving Average (200-D SMA) is a popular technical indicator used to understand a stock’s long-term trend. Unlike the exponential moving average, it gives equal importance to each day’s price over the past 200 days, resulting in a smoother and slower trend line. Investors and traders use the 200-D SMA to identify whether a stock is showing a long-term upward trend or a downward trend.
When a stock takes support at its 200-D SMA, it indicates that buyers are stepping in at this level, suggesting confidence in the stock’s strength. This is often seen as a bullish signal, showing solid demand and the possibility of further upward movement. In this article, we look at five stocks that are showing positive momentum while trading near this key support level.
Here are a few stocks that are taking support of the 200-day simple moving average (200-D SMA)
Global Health Limited
Global Health Limited is engaged in healthcare, offering diagnostic services and wellness solutions. It operates specialized labs and clinics, focusing on quality medical testing, health check-ups, and patient care services to improve health outcomes for individuals and communities.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 1,248.07. The stock closed at Rs. 1,280.70 in Thursday’s session, reflecting a 2.51 percent increase in the intraday trade.
UltraTech Cement Limited
UltraTech Cement Limited is India’s largest cement producer. It manufactures and sells cement, concrete, and building materials for infrastructure and construction projects across India and international markets, focusing on strength, durability, and sustainability.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 11,788.30. The stock closed at Rs. 11,910 in Thursday’s session, reflecting a 0.77 percent increase in the intraday trade.
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited manages mutual funds and investment products. It offers asset management services focused on growing wealth for retail and institutional investors through equity, debt, and hybrid funds.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 750.06. The stock closed at Rs. 770.35 in Thursday’s session, reflecting a 1.26 percent decrease in the intraday trade.
Written By – Nikhil Naik
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