The 200-day Exponential Moving Average (200-D EMA) is a technical indicator that shows a stock’s long-term price trend. It gives more weight to recent prices, making it quicker to react than the simple moving average. Traders and investors often use the 200-D EMA to understand whether a stock is in a long-term uptrend or downtrend.
When a stock takes support at the 200-D EMA, it means the stock price is bouncing back after touching this level, showing strength. This is often seen as a bullish sign, suggesting that buyers are stepping in and the stock may rise further. In this article, we look at 5 such stocks showing positive signs near this key support level.
Here are a few stock that are taking supports of 200 day exponential moving average (200-D EMA)
PG Electroplast Limited
PG Electroplast Limited was established in 2003 and is a leading Indian electronic manufacturing services provider. The company specializes in original design and equipment manufacturing, plastic injection molding, and produces air conditioners, washing machines, and consumer electronics for major brands
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 736.88. The stock closed at Rs. 757.65 in Thursday’s session, reflecting up to a 0.93 percent decrease in the intraday trade.
Indian Oil Corporation Limited
Indian Oil Corporation Limited (IOCL) was established in 1959 and is India’s largest government-owned oil and gas company. It operates across the hydrocarbon value chain, including refining, pipelines, marketing, exploration, and petrochemicals, with a strong focus on renewable energy and sustainability initiatives.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 139.80. The stock is currently closed at Rs. 142.99 in Thursday’s session, reflecting up to a 1.49 percent decrease in the intraday trade.
Sarda Energy and Minerals Limited
Sarda Energy and Minerals Limited was incorporated in 1973 and is the flagship company of Sarda Group. It is a vertically integrated producer of steel and ferro alloys, with captive iron ore and power, and exports to over 60 countries.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 432.22. The stock is currently closed at Rs. 448.70 in Thursday’s session, reflecting up to a 0.71 percent decrease in the intraday trade.
Tata Communications Limited
Tata Communications Limited was founded as Videsh Sanchar Nigam Limited (VSNL) in 1986 and was acquired by the Tata Group in 2002. The company is a leading Indian telecommunications company and provides global network services, including internet, Ethernet, SD-WAN, content delivery, and managed hosting, enabling digital transformation worldwide.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,672.08. The stock is currently closed at Rs. 1,700.70 in Thursday’s session, reflecting up to a 0.71 percent decrease in the intraday trade.
Alembic Pharmaceuticals Limited
Alembic Pharmaceuticals Limited was founded in 1907 and is an Indian multinational headquartered in Vadodara. It manufactures and markets pharmaceutical formulations, active pharmaceutical ingredients, and intermediates, with a strong presence in anti-infective drugs and global markets.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 954.74. The stock is currently closed at Rs. 992.60 in Thursday’s session, reflecting up to a 0.37 percent decrease in the intraday trade.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
