The 200-day Exponential Moving Average (200-D EMA) is a widely used technical indicator that tracks a stock’s long-term price trend. Unlike the simple moving average, it places greater emphasis on recent prices, allowing it to respond more quickly to market movements. Traders and investors often rely on the 200-D EMA to gauge whether a stock is trending upward or downward over the long term.
When a stock finds support at the 200-D EMA, it indicates that the price is rebounding after reaching this level, reflecting underlying strength. This is generally viewed as a bullish signal, suggesting increased buying interest and the potential for further upside. In this article, we highlight five stocks that are showing encouraging signs around this important support zone.
Here are a few stocks that are taking support of 200-day exponential moving average (200-D EMA)
Reliance Industries Limited
Reliance Industries Limited (RIL) was founded in 1957 by Dhirubhai Ambani as a small trading firm. It evolved into a major conglomerate involved in textiles, petrochemicals, refining, telecommunications, and retail, becoming one of India’s largest companies headquartered in Mumbai.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,378.83. The stock closed at Rs. 1,383 in Wednesday’s session, reflecting a 0.49 percent decrease in the intraday trade.
Dabur India Limited
Dabur India Limited was established in 1884 by Dr. S.K. Burman and is a leading Indian company known for Ayurvedic and natural healthcare products. It produces consumer goods in health, personal care, home care, and food segments for the Indian and global markets.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 517.03. The stock closed at Rs. 517.80 in Wednesday’s session, reflecting a 0.54 percent increase in the intraday trade.
SRF Limited
SRF Limited was established in 1970 as Shri Ram Fibres by DCM Limited and initially produced nylon tyre cord fabrics. Over time, it diversified into chemicals, packaging films, and specialty chemicals, becoming a leading multi-business chemical conglomerate with global operations.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 2,866.14. The stock closed at Rs. 2,907.10 in Wednesday’s session, reflecting a 0.13 percent increase in the intraday trade.
Patanjali Foods Limited
Patanjali Foods Limited was formerly Ruchi Soya Industries Limited nd was founded in 1986 by Dinesh Sahara. It is a major Indian FMCG company specializing in edible oils, soya products, and health foods. It was acquired by Patanjali Ayurved in 2019 and renamed in 2022.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 590.50. The stock closed at Rs. 600.80 in Wednesday’s session, reflecting a 0.17 percent increase in the intraday trade.
Written By – Nikhil Naik
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