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
Persistent systems
Persistent Systems is a global technology services company that offers IT consulting, software development, and digital transformation solutions. It specializes in cloud, AI, data analytics, and IoT, catering to various industries like healthcare, banking, and manufacturing.
With a market capitalization of Rs. 85,752.57 crores on Friday, the stock closed at Rs. 5502.25 a piece, which is currently taking support at the 200-day moving average of Rs. 5,420.05 in a day’s Time Frame and currently trading at a discount price of 19 percent from the all-time high Rs. 6,788.80.
Shakti Pumps India Limited
Shakti Pumps is a leading Indian manufacturer of energy-efficient pumps and motors, specializing in solar-powered and stainless-steel submersible pumps for agricultural, industrial, and commercial use.
With a market capitalization of Rs. 11,775.23 crores on Friday, the stock closed at Rs. 979.55 a piece, which is currently taking support at the 200-day moving average of Rs. 823.44 in a day’s Time Frame and currently trading at a discount price of 29 percent from the all-time high Rs. 1,398.00.
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. 5,002.47 on Friday, the stock closed at Rs. 756.15 per share. It is currently finding support at the 200-day moving average of Rs. 666.78 in a day’s Time Frame and is currently trading at a discount price of 29.5 percent from the all-time high of Rs. 1,074.00.
Divis Laboratories Limited
Divi’s Laboratories is a leading Indian pharmaceutical company primarily involved in the production of active pharmaceutical ingredients (APIs) and intermediates. It serves both generic and custom synthesis markets, providing services to major global pharmaceutical companies.
With a market capitalization of Rs. 1,52,747.97 on Friday, the stock closed at Rs. 5,753.90 per share. It is currently finding support at the 200-day moving average of Rs. 5,483.74 in a day’s Time Frame and is currently trading at a discount price of 8 percent from the all-time high of Rs. 6,448.75.
Written by Sridhar J
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