The “200-day moving average” (200 DMA) is a widely used technical indicator in financial markets. It is calculated by taking the average closing prices of a security over the past 200 days, which helps smooth out daily price fluctuations and provides a clearer picture of the overall trend.
One of the primary reasons the 200-day moving average is popular is its ability to act as a support or resistance level. When a stock’s price is above the 200 DMA, it is often considered to be in a bullish phase, as the long-term trend is upward.
The stocks to watch out for are listed below
Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited is one of India’s leading shipbuilding companies, primarily focused on designing and building warships and submarines for the Indian Navy. The company also constructs offshore platforms and commercial vessels. With a strong history of defense and maritime engineering, MDL plays a vital role in India’s naval defense infrastructure.
With a market capitalization of Rs. 95,677.70 crores on Wednesday, the stock closed at Rs. 2371.90 a piece, which is currently taking support at the 200-day moving average of Rs. 2,287.30 in a day’s Time Frame and currently trading at a discount price of 19 percent from the all-time high Rs. 2,929.98.
ITD Cementation India Ltd
ITD Cementation India Ltd is a prominent construction and engineering company in India, specializing in infrastructure projects, including civil engineering, transportation, and water management. The company is known for its high-quality execution of large-scale projects such as airports, metro systems, and roads.
With a market capitalization of Rs. 9,249.90 crores on Wednesday, the stock closed at Rs. 538.45 a piece, which is currently taking support at the 200-day moving average of Rs. 532.23 in a day’s Time Frame and currently trading at a discount price of 23 percent from the all-time high Rs. 694.45.
Beta Drugs Limited
Beta Drugs Limited is a pharmaceutical company focused on the manufacturing and marketing of a range of generic drugs. It specializes in producing high-quality formulations in various therapeutic segments, including oncology, cardiovascular, and antibiotics. With a commitment to quality and affordable healthcare, Beta Drugs has a significant presence in the Indian pharmaceutical market.
With a market capitalization of Rs. 1,791.83 crores on Wednesday, the stock closed at Rs. 1,775.05 a piece, which is currently taking support at the 200-day moving average of Rs. 1,670.88 in a day’s Time Frame and currently trading at a discount price of 20 percent from the all-time high Rs. 2,215.24.
Cellecor Gadgets Limited
Cellecor Gadgets Limited is an electronics and consumer goods company known for its range of mobile phones, gadgets, and accessories. The company focuses on providing affordable, quality technology products with a wide reach across India. Cellecor Gadgets has established itself in the market by catering to the evolving needs of tech-savvy consumers looking for reliable and budget-friendly options.
With a market capitalization of Rs. 1,260.35 crores on Wednesday, the stock closed at Rs. 57.90 a piece, which is currently taking support at the 200-day moving average of Rs. 52.19 in a day’s Time Frame and currently trading at a discount price of 28 percent from the all-time high Rs. 694.45.
Written by Sridhar J
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