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
Tata Motors Limited
Tata Motors Limited, a part of the Tata Group, is a global automotive manufacturing company headquartered in Mumbai, India. It designs, manufactures, and sells a wide range of vehicles, including passenger cars, trucks, buses, and military vehicles. Known for its innovation, Tata Motors operates in numerous countries and owns brands like Jaguar Land Rover.
With a market capitalization of Rs. 2,52,806.02 crores on Monday, the stock closed at Rs. 686.70 per share, which is below its 200-day moving average of Rs. 776.02 in a day’s time frame. The stock is currently down by 11.5 percent from its 200-day moving average.
Dixon Technologies Limited
Dixon Technologies is a leading Indian electronics manufacturing services (EMS) company. It specializes in the production of products in consumer electronics, home appliances, and mobile phones, providing end-to-end solutions including design, manufacturing, and assembly. Known for its strong customer base, Dixon works with top brands like Samsung, Xiaomi, and Sony.
With a market capitalization of Rs. 86,555.40 crores on Monday, the stock closed at Rs. 14,319.55 per share, which is below its 200-day moving average of Rs. 15,106.29 in a day’s time frame. The stock is currently down by 5.2 percent from its 200-day moving average.
L&T Technology Services Ltd
L&T Technology Services (LTTS) is a global engineering services company and a subsidiary of Larsen & Toubro Group. It provides technology solutions in various industries, including automotive, aerospace, industrial products, and IT. LTTS offers services like product design, development, and lifecycle management, and is known for its expertise in digital transformation, IoT, AI, and automation.
With a market capitalization of Rs. 47,878.71 crores on Monday, the stock closed at Rs. 4,517.95 per share, which is below its 200-day moving average of Rs. 4,947.73 in a day’s time frame. The stock is currently down by 8.5 percent from its 200-day moving average.
Bajaj Auto Limited
Bajaj Auto Limited is one of India’s largest manufacturers of motorcycles and three-wheelers. Headquartered in Pune, the company is known for its innovative vehicles like the Pulsar and Avenger series. It has made significant strides in the electric vehicle market with its electric scooter, Chetak, and focuses on sustainable, high-performance products.
With a market capitalization of Rs. 2,38,583.74 crores on Monday, the stock closed at Rs. 8,543.50 per share, which is below its 200-day moving average of Rs. 9,192.37 in a day’s time frame. The stock is currently down by 7.3 percent from its 200-day moving average.
Trent Limited
Trent Limited, part of the Tata Group, is a retail company that operates various stores under brands like Westside, Zudio, and Star Bazaar. The company is primarily involved in fashion, home products, and grocery retailing. Westside, its flagship brand, is one of India’s leading fashion retailers and has established a strong presence in both the offline and online retail spaces across India.
With a market capitalization of Rs. 2,01,916.88 crores on Monday, the stock closed at Rs. 5,680.00 per share, which is below its 200-day moving average of Rs. 6,227.65 in a day’s time frame. The stock is currently down by 8.6 percent from its 200-day moving average.
Written by Sridhar J
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