The 200-day Exponential Moving Average (200-day EMA) is a tool used to analyze a stock’s long-term trend. Unlike a simple moving average, it places greater weight on recent prices, allowing it to respond more quickly to price changes. Traders and investors rely on it to determine whether a stock is in an upward or downward trend over time.
When a stock finds support at the 200-day EMA, it means the price has rebounded after touching this level, indicating strength and renewed buying interest. This is typically viewed as a bullish signal, suggesting potential for further gains. In this article, we highlight five stocks that are displaying strong performance near this key support level.
Here are a few stocks that are taking support from the 200-day exponential moving average (200-D EMA)
1. Sterlite Technologies Limited
Sterlite Technologies Limited (STL) was established in 2000 and is headquartered in Pune. It is a leading global company specializing in optical fiber, cables, and digital network solutions. STL designs and manufactures products for 5G, data centers, and enterprise networks, serving customers in over 100 countries
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 98.24. The stock closed at Rs. 103 in Thursday’s session, reflecting up to a 2.75 percent increase in the intraday trade.
2. Asahi India Glass Limited
Asahi India Glass Limited (AIS) was established in 1984 and is India’s leading glass solutions company. AIS manufactures automotive safety glass, architectural glass, and consumer glass products for vehicles, buildings, and homes.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 684.73. The stock closed at Rs. 718.85 in Thursday’s session, reflecting up to a 2.88 percent increase in the intraday trade.
3. Jash Engineering Limited
Jash Engineering Limited was established in 1973 and makes equipment for water control, wastewater treatment, and process industries. The company supplies pumps, gates, filters, and related products for water, power, and chemical plants.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 539.75. The stock closed at Rs. 576.10 in Thursday’s session, reflecting up to a 4.41 percent increase in the intraday trade.
4. DCM Limited
DCM Limited was established in 1889 and is one of India’s oldest companies. It operates in textiles, engineering, and real estate, producing yarn, auto components, and managing property development and leasing.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 99.89. The stock closed at Rs. 109.53 in Thursday’s session, reflecting up to a 5.48 percent increase 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.
The post 4 Stocks taking support at the 200-D EMA to keep on your radar appeared first on Trade Brains.