The 200-day Exponential Moving Average (200-D EMA) helps track a stock’s long-term trend by giving more weight to recent prices. This makes it more responsive than a simple moving average. Traders use it to identify whether a stock is in an overall uptrend or downtrend.
When a stock finds support at the 200-D EMA, it suggests that the price is bouncing back from that level, showing strength. This is typically seen as a bullish sign, indicating that buyers are stepping in and the stock may continue to rise in the near term.
Here are a few stocks that are taking support of 200-day exponential moving average (200-D EMA)
Capri Global Capital Limited
Capri Global Capital Limited was established in 1994 and is a leading non-banking financial company headquartered in Mumbai. The company provides loans to MSMEs, gold, construction, and affordable housing, with a focus on empowering the unbanked and underserved sectors across India.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 178.22. The stock is currently trading at Rs. 187.69 in Thursday’s session, reflecting up to a 3.50 percent increase in the intraday trade.
K E C International Limited
KEC International Limited was established in 1945 and is headquartered in Mumbai. The company is one of the major global infrastructure Engineering, Procurement, and Construction (EPC and specialises in power transmission, railways, civil, solar, cables, and smart infrastructure projects and operates 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. 852.78. The stock is currently trading at Rs. 877.26 in Thursday’s session, reflecting up to a 2.27 percent increase in the intraday trade.
Dr. Reddy’s Laboratories Limited
Dr. Reddy’s Laboratories Limited was founded in 1984 by Dr. K. Anji Reddy and is headquartered in Hyderabad. The company is a global pharmaceutical company producing over 190 medications, active pharmaceutical ingredients, biosimilars, and diagnostics. It serves markets worldwide with a focus on generics and innovative drug discovery.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,224.73. The stock is currently trading at Rs. 1,277.40 in Thursday’s session, reflecting up to a 2.40 percent increase in the intraday trade.
Rashtriya Chemicals and Fertilizers Limited
Rashtriya Chemicals and Fertilizers Limited (RCF) was established in 1978 in Mumbai and is a leading government-owned producer of fertilizers and industrial chemicals. It manufactures urea, complex fertilizers, bio-fertilizers, micronutrients, and supplies essential chemicals across India
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 153.28. The stock is currently trading at Rs. 157.42 in Thursday’s session, reflecting up to a 2.21 percent increase in the intraday trade.
Written By – Nikhil Naik
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