The 200-day Exponential Moving Average (200 EMA) is a popular technical indicator used in financial markets. Unlike the simple moving average, the EMA gives more weight to recent prices, making it more responsive to recent market movements. It smooths out price fluctuations while reacting faster to price changes.
When a stock trades above its 200 EMA, it is typically seen as being in a bullish trend, as this suggests strong long-term momentum. The 200 EMA can also act as a dynamic support or resistance level, helping traders identify potential entry or exit points.
The stocks to watch out for are listed below
Transformers & Rectifiers India Ltd
Transformers & Rectifiers India Ltd (TRIL) is a leading manufacturer of transformers and rectifiers, providing electrical solutions to the power and energy sectors. The company specializes in the design, manufacture, and supply of transformers used in power generation, transmission, and distribution. TRIL has a diverse portfolio, including power transformers, furnace transformers, and rectifiers, serving both domestic and international markets.
With a market capitalization of Rs. 14,756.15 crores on Friday, the stock closed at Rs. 491.60 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 480.28 in a day’s Time Frame and currently trading at a discount price of upto 24 percent from the all-time high.
Marico Limited
Marico Limited is a prominent Indian multinational in the consumer goods sector, known for its leadership in the beauty and wellness industry. The company offers a range of products in categories like hair care, skin care, edible oils, and health foods, with popular brands like Parachute, Saffola, and Kaya. Marico focuses on consumer-centric innovation, sustainability, and expanding its presence in both domestic and international markets.
With a market capitalization of Rs. 92,743.99 crores on Friday, the stock closed at Rs. 714.55 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 691.94 in a day’s Time Frame and currently trading at a discount price of upto 6 percent from the all-time high.
Ambuja Cements Ltd
Ambuja Cements Ltd is one of India’s leading cement manufacturers, recognized for its high-quality products in the construction sector. The company, a part of the Holcim Group, produces cement and clinker, offering innovative and sustainable building solutions. Ambuja Cements is known for its commitment to environmental sustainability, employing energy-efficient production techniques and reducing its carbon footprint.
With a market capitalization of Rs. 1,40,634.40 crores on Friday, the stock closed at Rs. 568.95 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 566.46 in a day’s Time Frame and currently trading at a discount price of upto 19 percent from the all-time high.
Hindustan Unilever Ltd
Hindustan Unilever Ltd (HUL) is one of the largest fast-moving consumer goods (FMCG) companies in India, offering a wide range of products in categories like home care, personal care, foods, and beverages. Known for iconic brands such as Dove, Lipton, and Surf Excel, HUL has a long-standing commitment to sustainability and innovation. The company focuses on providing high-quality products that improve the everyday lives of consumers, while also making significant strides in environmental and social impact.
With a market capitalization of Rs. 5,93,201.31 crores on Friday, the stock closed at Rs. 2524.70 a piece, which is currently taking support at the 200-day exponential moving average of Rs. 2,467.19 in a day’s Time Frame and currently trading at a discount price of upto 17 percent from the all-time high.
Written by Sridhar J
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