The 200-day Exponential Moving Average (200-D EMA) is a tool used to track a stock’s long-term price trend. It places more emphasis on recent prices, allowing it to respond faster than a simple moving average. Investors and traders commonly use the 200-D EMA to determine if a stock is in a long-term upward or downward trend.
When a stock finds support at the 200-D EMA, it means the price is rebounding after touching that level, indicating strength. This is often viewed as a bullish signal, showing that buyers are active and the stock could move higher.
Here are a few stocks that are taking support of 200-day exponential moving average (200-D EMA)
Blue Star Limited
Blue Star Limited was established in 1943 and is engaged in designing, manufacturing, and exporting air conditioning, commercial refrigeration, and MEP solutions, serving residential, commercial, and industrial customers in India and international markets.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,778.81. The stock closed at Rs. 1,828.50 in Monday’s session, reflecting up to a 1.59 percent increase in the intraday trade.
Omax Autos Limited
Omax Autos Limited was established in 1985 and is engaged in designing, manufacturing, and supplying automotive components, assemblies, frames, and structures for automotive, railway, and heavy fabrication sectors in India and abroad.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 98.29. The stock closed at Rs. 104.72 in Monday’s session, reflecting up to a 6.79 percent increase in the intraday trade.
Astec Lifesciences Limited
Astec Lifesciences Limited was established in 1994 and is engaged in manufacturing and exporting agrochemical active ingredients, pharmaceutical intermediates, and formulations, serving global markets with production facilities in Maharashtra, India.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 887.38. The stock closed at Rs. 930.30 in Monday’s session, reflecting up to a 4.11 percent increase in the intraday trade.
KEI Industries Limited
KEI Industries Limited was established in 1968 and is engaged in manufacturing and marketing a wide range of power cables, including extra high voltage, high tension, low tension, control, instrumentation, and specialty cables for diverse sectors globally.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 3,633.96. The stock closed at Rs. 3,732.60 in Monday’s session, reflecting up to a 3.33 percent increase in the intraday trade.
Written By – Nikhil Naik
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