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.
1. ITC
ITC Limited is a large Indian company with a diverse presence across agriculture, manufacturing, and services, making it a major contributor to the national economy. ITC operates in four business segments at present: FMCG Cigarettes, FMCG Others, Paperboards, Paper and Packaging, and Agri Business.
With a market capitalization of Rs. 5,22,536 crores on Friday, the stock closed at Rs. 417 per share, which is below its 200-day moving average of Rs. 417.82 in a day’s time frame. The stock is currently down by 0.23 percent from its 200-day moving average.
2. HCL Technologies
HCL Tech has focused on transformational outsourcing and offers an integrated portfolio of services, including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO.
With a market capitalization of Rs. 4,13,467.58 crores on Friday, the stock closed at Rs. 1,523.65 per share, which is below its 200-day moving average of Rs. 1,591.46 in a day’s time frame. The stock is currently down by 4.27 percent from its 200-day moving average.
3. Trent
Trent Limited is a leading Indian company in the branded lifestyle and fashion space, operating popular stores like Westside, Zudio, and Samoh. Trent Ltd is engaged in retailing of apparel, footwear, accessories, toys, games, food, grocery & non-food products through various of its retail formats/ concepts.
With a market capitalization of Rs. 1,70,227 crores on Friday, the stock closed at Rs. 4,789 per share, which is below its 200-day moving average of Rs. 5,368.89 in a day’s time frame. The stock is currently down by 11 percent from its 200-day moving average.
4. Godrej Consumer Products Ltd
Godrej Consumer Products is a fast-moving consumer goods company from India, operating in the home care and personal care segments across emerging markets.
With a market capitalization of Rs. 1,15,815 crores on Friday, the stock closed at Rs. 1,132 per share, which is below its 200-day moving average of Rs. 1,183 in a day’s time frame. The stock is currently down by 4.5 percent from its 200-day moving average.
5. Indian Hotels Company
The Indian Hotels Company Limited (IHCL) is South Asia’s largest hospitality company and has been an industry pioneer for over 120 years. IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise a diversified portfolio across luxury, upscale/upper upscale, and lean luxury/midscale segments.
With a market capitalization of Rs. 1,04,622 crores on Friday, the stock closed at Rs. 735 per share, which is below its 200-day moving average of Rs. 767.41 in a day’s time frame. The stock is currently down by 4.06 percent from its 200-day moving average.
Written by Abhishek Singh
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