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
1. Tata Motors Ltd
Tata Motors Limited is a leading Indian multinational automotive manufacturer, headquartered in Mumbai and part of the Tata Group. The company produces a wide range of vehicles, including cars, trucks, vans, buses, and defense vehicles, and owns the iconic Jaguar Land Rover brand.
With a market capitalization of Rs. 2,64,310.59 crores on Wednesday, the stock closed at Rs. 717.95 per share, which is below its 200-day moving average of Rs. 799.23 in a day’s time frame. The stock is currently down by 10.4 percent from its 200-day moving average.
2. Havells Limited
Havells Limited is a major Indian electrical equipment company based in Noida. It manufactures a wide range of products such as industrial and domestic circuit protection devices, cables, wires, motors, fans, modular switches, home appliances, and lighting solutions.
With a market capitalization of Rs. 96,925.19 crores on Wednesday, the stock closed at Rs. 1546.00 per share, which is below its 200-day moving average of Rs. 1,681.38 in a day’s time frame. The stock is currently down by 8 percent from its 200-day moving average.
3. ABB India Ltd
ABB India Ltd is a subsidiary of the global ABB Group, specializing in electrification, automation, robotics, and motion products. The company provides solutions for utilities, industry, and infrastructure, focusing on digital technologies, energy efficiency, and sustainable development.
With a market capitalization of Rs. 1,27,617.58 crores on Wednesday, the stock closed at Rs. 6022.30 per share, which is below its 200-day moving average of Rs. 6,651.74 in a day’s time frame. The stock is currently down by 9.5 percent from its 200-day moving average.
4. Cipla Ltd
Cipla Limited is a leading Indian pharmaceutical company headquartered in Mumbai. It develops, manufactures, and markets a wide range of medicines across therapeutic areas such as respiratory, anti-retroviral, urology, cardiology, and central nervous system. Cipla is known for its affordable healthcare solutions and strong global presence, exporting to over 80 countries.
With a market capitalization of Rs. 1,18,622.18 crores on Wednesday, the stock closed at Rs. 1468.75 per share, which is below its 200-day moving average of Rs. 1,517.15 in a day’s time frame. The stock is currently down by 3.2 percent from its 200-day moving average.
5. L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is an engineering services company and a subsidiary of Larsen & Toubro. LTTS provides design, research, and development, and digital engineering solutions across industries like transportation, industrial products, telecom, plant engineering, and medical devices.
With a market capitalization of Rs. 46,558.81 crores on Wednesday, the stock closed at Rs. 4397.30 per share, which is below its 200-day moving average of Rs. 4,996.47 in a day’s time frame. The stock is currently down by 12.1 percent from its 200-day moving average.
Written by Sridhar J
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