The 200-day Simple Moving Average (200-D SMA) is one of the most widely followed technical indicators that tracks a stock’s long-term price trend. Unlike the exponential moving average, it gives equal weight to all prices in the 200-day period, making it a smoother and slower-moving trend line. Traders and investors often use the 200-D SMA to assess whether a stock is in a sustained uptrend or downtrend.
When a stock finds support at the 200-D SMA, it signals that the price is holding steady at this level, reflecting investor confidence. This is generally interpreted as a bullish indicator, showing strong demand and the potential for further upward movement. In this article, we highlight five stocks that are displaying positive momentum near this critical support level.
Here are a few stocks that are taking support of the 200-day simple moving average (200-D SMA)
Dilip Buildcon Limited
Dilip Buildcon Limited was established in 1987 and specializes in infrastructure development, mainly in road construction. The company offers engineering, procurement, and construction (EPC) services and also works on mining, irrigation, and metro rail projects across India.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 468.37. The stock closed at Rs. 495.85 in Wednesday’s session, reflecting a 4.90 percent decrease in the intraday trade.
Bharat Dynamics Limited
Bharat Dynamics Limited was founded in 1970 and is a leading Indian government enterprise manufacturing missile systems, defense equipment, and guided weapons. It collaborates with DRDO, produces crucial defense systems, and focuses on indigenization and modernizing India’s armed forces.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 1,478.64. The stock closed at Rs. 1,541.80 in Wednesday’s session, reflecting a 3.25 percent decrease in the intraday trade.
Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited (ABFRL) was established in 1997 and is a leading Indian fashion retail company. It operates brands like Pantaloons, Allen Solly, and Van Heusen, offering apparel, ethnic wear, and accessories across thousands of stores and online platforms.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 84.60. The stock closed at Rs. 86.39 in Wednesday’s session, reflecting a 2.25 percent decrease in the intraday trade.
Gillette India Limited
Gillette India Limited was incorporated in 1984 and is engaged in manufacturing and marketing personal grooming products like razors, blades, and shaving systems. It is a subsidiary of Procter & Gamble and serves the Indian market with popular grooming brands.
The stock is taking support of the 200-day simple moving average (200-D SMA) at a price of approximately Rs. 9,357.44. The stock closed at Rs. 9,598 in Wednesday’s session, reflecting a 1.24 percent decrease in the intraday trade.
Written By – Nikhil Naik
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