The 200-day Exponential Moving Average (200-D EMA) is a tool used to track a stock’s long-term trend. It focuses more on recent prices, so it responds faster than a regular average. Investors and traders use it to see if a stock is generally moving upward or downward over time.
When a stock takes support at the 200-day EMA, it means the price is recovering after touching that level, which shows strength. This is usually a positive sign, suggesting that buyers are interested and the stock might go up. In this article, we look at 5 stocks that are showing strong signs near this important support level.
Here are a few financially strong stocks that are taking support from the 200-day exponential moving average (200-D EMA)
Newgen Software Technologies Limited
Newgen Software Technologies Limited was established in 1992 and is a global software company specializing in digital transformation. It provides a unified platform for process automation, content management, and customer engagement, helping businesses simplify complex workflows efficiently.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,115.82. The stock closed at Rs. 1,233.60 in Monday’s session, reflecting up to a 6.50 percent increase in the intraday trade.
Hindustan Copper Limited
Hindustan Copper Limited (HCL) was established in 1967 and is India’s only vertically integrated government-owned copper producer. It mines, processes, smelts, and refines copper, operating mines and plants across several states, making India self-reliant in copper production.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 249.27. The stock closed at Rs. 262.75 in Monday’s session, reflecting up to a 3.57 percent increase in the intraday trade.
K E C International Limited
KEC International Limited was established in 1945 and is a leading global infrastructure Engineering, Procurement, and Construction (EPC) company. It builds power transmission lines, railways, civil, urban, and smart infrastructure, and manufactures cables, operating in over 110 countries.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 840.93. The stock closed at Rs. 900.80 in Monday’s session, reflecting up to a 2.88 percent increase in the intraday trade.
Bosch Limited
Bosch Limited was established in 1951 and is a leading engineering and technology company in India. It manufactures automotive components, industrial technology, consumer goods, and energy solutions, serving diverse sectors with innovative products and services.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 30,543.91. The stock closed at Rs. 32,280 in Monday’s session, reflecting up to a 2.20 percent increase in the intraday trade.
Supreme Industries Limited
Supreme Industries Limited was established in 1942 and is India’s largest manufacturer and processor of plastic products. The company offers a comprehensive range, including piping systems, molded furniture, packaging, and industrial products, serving diverse sectors nationwide.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 4,136.28. The stock closed at Rs. 4,557.30 in Monday’s session, reflecting up to a 4.77 percent increase in the intraday trade.
Written By – Nikhil Naik
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