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. 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 below the 200 DMA, it is often considered to be in a bearish phase. However, it could also present a buying opportunity if the stock shows signs of reversal or if it is oversold.
The stocks to watch out for are listed below
Sun Pharmaceutical Industries Ltd
Sun Pharma is one of India’s largest pharmaceutical companies and a global leader in specialty generics. It manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) in numerous countries. Its product portfolio spans chronic and acute therapies, including cardiology, psychiatry, neurology, and dermatology.
With a market capitalization of Rs. 3,86,487.45 crores on Tuesday, the stock closed at Rs. 1610.85 per share, which is below its 200-day moving average of Rs. 1,677.71 in a day’s time frame. The stock is currently down by 4 percent from its 200-day moving average.
ITC Ltd
ITC Limited is a diversified Indian conglomerate with a strong presence in FMCG, hotels, paperboards & packaging, agribusiness, and IT. Originally known for its cigarette business, ITC has expanded significantly into branded packaged foods, personal care, and other consumer goods. Its popular brands include Aashirvaad, Bingo!, Sunfeast, and Classmate.
With a market capitalization of Rs. 5,17,539.08 crores on Tuesday, the stock closed at Rs. 413.15 per share, which is below its 200-day moving average of Rs. 421.56 in a day’s time frame. The stock is currently down by 2 percent from its 200-day moving average.
Power Grid Corporation of India Ltd
Power Grid Corporation of India is a state-owned electric utility company responsible for electricity transmission across India. It operates over 90% of India’s interstate and inter-regional electric power transmission system. The company ensures grid stability and supports energy efficiency initiatives.
With a market capitalization of Rs. 2,68,182.91 crores on Tuesday, the stock closed at Rs. 288.35 per share, which is below its 200-day moving average of Rs. 293.64 in a day’s time frame. The stock is currently down by 1.8 percent from its 200-day moving average.
Oil & Natural Gas Corporation Ltd (ONGC)
ONGC is India’s largest oil and gas exploration and production company, owned by the Government of India. It plays a critical role in meeting the country’s energy needs, accounting for a significant share of India’s domestic crude oil and natural gas production. It operates both onshore and offshore fields and has several international exploration projects.
With a market capitalization of Rs. 2,95,825.27 crores on Tuesday, the stock closed at Rs. 235.15 per share, which is below its 200-day moving average of Rs. 245.39 in a day’s time frame. The stock is currently down by 4 percent from its 200-day moving average.
Trent Ltd
Trent Ltd, a Tata Group company, is a leading Indian retail chain primarily operating in fashion, apparel, and lifestyle segments. Its key retail formats include Westside, Zudio, and Landmark, catering to diverse customer needs across value and premium categories. With a strong pan-India presence, Trent continues to expand rapidly through new store openings and digital channels.
With a market capitalization of Rs. 1,82,956.95 crores on Tuesday, the stock closed at Rs. 5146.65 per share, which is below its 200-day moving average of Rs. 5,528.13 in a day’s time frame. The stock is currently down by 7 percent from its 200-day moving average.
Written by Sridhar J
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