The 200-day Exponential Moving Average (EMA) is a popular tool for analyzing a stock’s long-term trend. Unlike the simple moving average, the 200-day EMA gives more weight to recent price movements, making it more responsive to changes. Investors and traders use it to identify whether a stock is trending upward or downward over an extended period.
When a stock finds support at the 200-day EMA, it means the price has bounced back after reaching this level, signaling strength and fresh buying interest. This is generally seen as a bullish indicator, suggesting the potential for further upside. In this article, we highlight five stocks showing strong performance near this crucial support zone.
Here are a few stocks that are taking support from the 200-day exponential moving average (200-D EMA)
Izmo Limited
Izmo Limited was established in 1995 and is engaged in providing hi-tech automotive e-retailing solutions, digital marketing, automotive CRM, CGI, and enterprise software for global automotive dealers and manufacturers.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 353. The stock closed at Rs. 394.50 in Wednesday’s session, reflecting up to a 5 percent increase in the intraday trade.
HeidelbergCement India Limited
HeidelbergCement India Limited was established in 1958 as Mysore Cements and is engaged in manufacturing and selling cement, including Portland Pozzolana and slag cements, under brands like Mycem and Mycem Power.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 204.93. The stock closed at Rs. 214.54 in Wednesday’s session, reflecting up to a 4.48 percent increase in the intraday trade.
JK Tyre and Industries Limited
JK Tyre and Industries Limited was established in 1951 and is engaged in manufacturing and marketing tyres, tubes, and flaps for passenger vehicles, commercial vehicles, farming, off-road, and two/three-wheelers globally.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 349.75. The stock closed at Rs. 367.05 in Wednesday’s session, reflecting up to a 2.97 percent increase in the intraday trade.
LTIMindtree Limited
LTIMindtree Limited was established in 1996 and is engaged in providing global IT services and consulting, including digital solutions, cloud, analytics, enterprise applications, and platform-based services for clients across diverse industries.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 5,269.27. The stock closed at Rs. 5,304.50 in Wednesday’s session, reflecting up to a 0.01 percent increase in the intraday trade.
Kaveri Seed Company Limited
Kaveri Seed Company Limited was established in 1986 and is engaged in the research, production, processing, and marketing of high-quality hybrid and variety seeds for crops like maize, cotton, rice, and vegetables.
The stock is taking support of the 200-day exponential moving average (200-D EMA) at a price of approx. Rs. 1,146.12. The stock closed at Rs. 1,174.70 in Wednesday’s session, reflecting up to a 1.55 percent increase in the intraday trade.
Written By – Nikhil Naik
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