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 Consultancy Services Ltd
Tata Consultancy Services (TCS) is one of the world’s largest IT services and consulting companies, headquartered in Mumbai, India. A part of the Tata Group, it offers a wide range of services including software development, business solutions, and IT consulting. It is known for its innovation, digital transformation solutions, and strong emphasis on research and development.
With a market capitalization of Rs. 12,26,604.03 crores on Tuesday, the stock closed at Rs. 3,390.20 per share, which is below its 200-day moving average of Rs. 3,902.20 in a day’s time frame. The stock is currently down by 13.4 percent from its 200-day moving average.
Varun Beverages Limited
Varun Beverages Limited (VBL) is one of the largest franchisees of PepsiCo globally (outside the U.S.), primarily engaged in the production and distribution of carbonated soft drinks and non-carbonated beverages. Based in India, the company manufactures popular products such as Pepsi, Mountain Dew, Tropicana, and Aquafina, and it operates in several countries, including India, Nepal, Sri Lanka, and Morocco.
With a market capitalization of Rs. 1,56,582.75 crores on Tuesday, the stock closed at Rs. 463.00 per share, which is below its 200-day moving average of Rs. 558.34 in a day’s time frame. The stock is currently down by 16.8 percent from its 200-day moving average.
IRCTC Limited
IRCTC is a public sector enterprise under the Ministry of Railways, Government of India. It is best known for operating the online ticketing platform for Indian Railways, which handles millions of bookings daily. Beyond ticketing, IRCTC is involved in catering services, tourism packages, and the operation of luxury tourist trains like the Maharajas’ Express. The company has also ventured into bottled water under the brand name “Rail Neer.”
With a market capitalization of Rs. 60,976.00 crores on Tuesday, the stock closed at Rs. 762.20 per share, which is below its 200-day moving average of Rs. 793.42 in a day’s time frame. The stock is currently down by 4.10 percent from its 200-day moving average.
3M India Limited
3M India is the Indian arm of the U.S.-based multinational conglomerate 3M, known for innovation and diversified technology. The company operates in various segments, including healthcare, industrial, safety, electronics, and consumer products. 3M India manufactures and markets products like adhesives, abrasives, medical supplies, and personal protective equipment (PPE).
With a market capitalization of Rs. 31,880.15 crores on Tuesday, the stock closed at Rs. 28,300.00 per share, which is below its 200-day moving average of Rs. 30,743.71 in a day’s time frame. The stock is currently down by 7.6 percent from its 200-day moving average.
Poly Medicure Limited
Poly Medicure Limited is a leading Indian manufacturer of medical devices and disposables, particularly in the field of infusion therapy, blood management, and diagnostics, and the company supplies a broad range of products like IV cannulas, catheters, and surgical kits. It exports to numerous countries and operates multiple manufacturing facilities with strong regulatory approvals, like CE and US FDA.
With a market capitalization of Rs. 21,454.20 crores on Tuesday, the stock closed at Rs. 2117.35 per share, which is below its 200-day moving average of Rs. 2,449.59 in a day’s time frame. The stock is currently down by 13.5 percent from its 200-day moving average.
Written by Sridhar J
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