The 200-day Exponential Moving Average (200-D EMA) helps track a stock’s long-term direction. It gives more importance to recent prices, so it reacts more quickly than a regular average. Traders and investors use it to understand if a stock is trending up or down over time.
When a stock finds support at the 200-day EMA, it means the price has bounced back after reaching that level, showing strength and buyer interest. This is often seen as a good sign, suggesting the stock could rise. In this article, we look at 5 stocks that are showing strong signs near this important support level.
Here are a few Nifty 500 stocks that are taking support from the 200-day exponential moving average (200-D EMA)
Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) was established in 1902 by Tata Group founder Jamsetji Tata and operates iconic hotel brands like Taj, Vivanta, Ginger, and SeleQtions. It offers world-class Indian hospitality across more than 335 hotels in 12 countries.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 742.85. The stock closed at Rs. 763.30 in Wednesday’s session, reflecting up to a 0.88 percent increase in the intraday trade.
RattanIndia Enterprises Limited
RattanIndia Enterprises Limited was established on November 9, 2010, and focuses on new-age businesses using advanced technology. The company operates in e-commerce, electric vehicles, fintech, and drones, aiming to transform lives in India
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 55.51. The stock closed at Rs. 56.62 in Wednesday’s session, reflecting up to a 1.34 percent decrease in the intraday trade.
Pidilite Industries Limited
Pidilite Industries Limited was established in 1959 and is India’s leading manufacturer of adhesives and specialty chemicals. The company makes Fevicol, FeviKwik, Dr. Fixit, M-Seal, and other products used for bonding, repairs, waterproofing, and arts and crafts
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 2,966.99. The stock closed at Rs. 2,968.20 in Wednesday’s session, reflecting up to a 1.66 percent decrease in the intraday trade.
MMTC Limited
MMTC Limited was established in 1963 and is India’s largest international trading company. It trades, exports, and imports minerals, precious metals, gems, jewelry, coal, and agro products, supporting India’s foreign trade and economic growth.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 67.53. The stock closed at Rs. 69.37 in Wednesday’s session, reflecting up to a 3.77 percent decrease in the intraday trade.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
