The 200-day Exponential Moving Average (200 EMA) is a popular technical indicator used in financial markets. Unlike the simple moving average, the EMA gives more weight to recent prices, making it more responsive to recent market movements. It smooths out price fluctuations while reacting faster to price changes.
When a stock trades above its 200 EMA, it is typically seen as being in a bullish trend, as this suggests strong long-term momentum. The 200 EMA can also act as a dynamic support or resistance level, helping traders identify potential entry or exit points.
The stocks to watch out for are listed below
Mphasis Ltd
Mphasis is an Indian IT services company that provides technology solutions and outsourcing services globally. It specializes in cloud computing, digital technology, and application development, catering primarily to industries like banking, insurance, and logistics. The company is known for its strong focus on innovation and client-centric solutions. It has a significant presence in both India and overseas markets.
With a market capitalization of Rs. 53,355.85 crores on Thursday, the stock closed at Rs. 2804.35 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 2,722.53 in a day’s Time Frame and currently trading at a discount price of upto 23 percent from the all-time high.
Zydus Lifesciences Ltd
Zydus Lifesciences is a prominent Indian pharmaceutical company involved in developing, manufacturing, and marketing a broad range of healthcare products, including generic medicines, biosimilars, and vaccines. The company is also known for its focus on research and innovation, with contributions to COVID-19 vaccine development. It operates globally with a strong presence in India and emerging markets.
With a market capitalization of Rs. 1,01,287.51 crores on Thursday, the stock closed at Rs. 1006.60 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 970.96 in a day’s Time Frame and currently trading at a discount price of upto 24 percent from the all-time high.
Tube Investments of India Ltd
Tube Investments of India is a diversified manufacturing company with interests in automotive components, engineering, and bicycles. It operates through various subsidiaries producing gears, chains, and precision-engineered products. The company has a reputation for quality manufacturing and innovation in industrial and consumer segments. It is part of the Murugappa Group, one of India’s major business conglomerates.
With a market capitalization of Rs. 62,045.10 crores on Thursday, the stock closed at Rs. 3206.50 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 3,134.41 in a day’s Time Frame and currently trading at a discount price of upto 33 percent from the all-time high.
Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings is a leading non-banking financial company (NBFC) in India, offering services such as vehicle financing, home loans, and business loans. It is known for its strong retail financing portfolio and a wide distribution network across urban and rural areas. The company focuses on customer-centric lending with strong risk management practices and is a key part of the Murugappa Group.
With a market capitalization of Rs. 35,592.28 crores on Thursday, the stock closed at Rs. 1895.45 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 1,806.23 in a day’s Time Frame and currently trading at a discount price of upto 17 percent from the all-time high.
Written by Sridhar J
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