The 200-day Exponential Moving Average (200-D EMA) is a tool that helps track a stock’s long-term trend. Unlike a simple moving average, it gives more importance to recent prices, making it react faster to changes in the stock’s movement. Traders use it to see if a stock is generally going up or down over time.
When a stock bounces off the 200-D EMA, it means the price is finding support at that level. This shows that buyers are entering the market and can be seen as a positive sign, suggesting the stock might keep rising in the near future.
Here are a few stocks that are taking support from the 200-day exponential moving average (200-D EMA)
Pfizer Limited
Pfizer Limited was established in 1950 in India. It is a leading pharmaceutical company that manufactures, markets, and exports medicines and vaccines. It focuses on improving health through innovative and high-quality pharmaceutical products for millions of people.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 5,048.02. The stock is currently trading at Rs. 5,155 in Thursday’s session, reflecting a 0.37 percent decrease in the intraday trade.
Adani Ports & Special Economic Zone Limited
Adani Ports & Special Economic Zone Limited (APSEZ) was founded in 1998. It is India’s largest private port operator, developing and managing ports and related infrastructure, including the Mundra Port and a special economic zone. It handles diverse cargo and promotes trade.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,316.86. The stock is currently trading at Rs. 1,328.20 in Thursday’s session, reflecting a 0.32 percent decrease in the intraday trade.
Bajaj Holdings & Investment Limited
Bajaj Holdings & Investment Limited, established in 1945 as Bajaj Auto, is an Indian investment company. It holds major stakes in Bajaj Auto and Bajaj Finserv. The company focuses on investments in various sectors and generates income through dividends and profits.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 12,454. The stock is currently trading at Rs. 12,981 in Thursday’s session, reflecting a 0.32 percent decrease in the intraday trade.
Welspun Corp Limited
Welspun Corp Limited was incorporated in 1995 as Welspun Gujarat Stahl Rohren Limited and renamed to Welspun Corp Limited in 2010. It is a leading manufacturer of steel pipes, with facilities in Gujarat and Karnataka, serving global infrastructure, oil, and gas sectors.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 818.60. The stock is currently trading at Rs. 847 in Thursday’s session, reflecting a 0.63 percent decrease in the intraday trade.
Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited (BPCL) was founded in 1976 after nationalizing the Burmah Shell refinery. It is a government-owned company engaged in refining crude oil, marketing petroleum products, and exploring oil and gas. BPCL serves India’s energy needs and has Maharatna status.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 308.53. The stock is currently trading at Rs. 312.90 in Thursday’s session, reflecting a 0.62 percent decrease in the intraday trade.
Written By – Nikhil Naik
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