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
HDFC Bank Limited
HDFC Bank is one of India’s largest private-sector banks, offering a wide range of banking products and services including retail, corporate, and investment banking. It is known for its strong customer base and digital banking initiatives.
With a market capitalization of Rs. 13,51,176.08 on Thursday, the stock closed at Rs. 1,768.75 per share. It is currently finding support at the 200-day moving average of Rs. 1,694.83 in a day’s Time Frame and currently trading at a discount price of 6 percent from the all-time high of Rs. 1,880.00.
Bharti Airtel Limited
Bharti Airtel is a leading global telecommunications company, offering mobile, broadband, and digital television services. It operates in several countries across Asia and Africa, with a strong focus on expanding its 4G/5G networks and digital services.
With a market capitalization of Rs. 9,72,180.45 on Thursday, the stock closed at Rs. 1704.95 per share. It is currently finding support at the 200-day moving average of Rs. 1,575.94 in a day’s Time Frame and currently trading at a discount price of 4.3 percent from the all-time high of Rs. 1,778.95.
Avalon Technologies Limited
Avalon Technologies is an engineering and technology services company, specializing in providing end-to-end solutions in areas like electronic manufacturing, product design, and supply chain management. It serves clients across sectors like aerospace, automotive, and industrials.
With a market capitalization of Rs. 5,072.87 on Thursday, the stock closed at Rs. 766.85 per share. It is currently finding support at the 200-day moving average of Rs. 658.29 in a day’s Time Frame and currently trading at a discount price of 28 percent from the all-time high of Rs. 1,074.00.
Welspun Corp Limited
Welspun Corp is a leading global manufacturer of steel pipes and tubes, catering to industries like oil and gas, infrastructure, and construction. The company operates worldwide and is known for its innovation in pipe manufacturing and quality standards.
With a market capitalization of Rs. 22,865.06 on Thursday, the stock closed at Rs. 871.55 per share. It is currently finding support at the 200-day moving average of Rs. 709.51 in a day’s Time Frame.
Written by Sridhar J
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