The 200-day moving average (200 DMA) is a common tool used in financial markets. It is calculated by averaging the closing prices of a stock over the last 200 days. This helps reduce daily price changes and gives a clearer view of the stock’s overall trend.
The 200 DMA is popular because it can act as a level of support or resistance. Taking support at the 200-day moving average means that the stock’s price is bouncing off or holding steady at this level, indicating potential stability or upward movement, as the long-term trend remains positive.
The stocks to watch out for are listed below:
Mahindra and Mahindra Limited is a leading Indian multinational company engaged in manufacturing automobiles, including SUVs, tractors, and commercial vehicles. It also provides financial services and operates in various sectors like agribusiness, aerospace, and information technology.
With a market capitalization of Rs. 360,729.06 crores on Thursday, the stock closed at Rs. 2,900.85 per equity share, which is currently taking support at the 200-day moving average of Rs. 2,875.34 in a day’s Time Frame and currently trading at a discount price of 11.46 percent from the all-time high of Rs. 3,276.30.Â
Neuland Laboratories Limited is a pharmaceutical company engaged in the development and manufacturing of active pharmaceutical ingredients (APIs) and formulations. It focuses on providing high-quality, cost-effective solutions in therapeutic areas such as cardiovascular, oncology, and central nervous system disorders.
With a market capitalization of Rs. 16,841.80 crores on Thursday, the stock closed at Rs. 13,103 per equity share, which is currently taking support at the 200-day moving average of Rs. 12,723.35 in a day’s Time Frame and currently trading at a discount price of 27.43 percent from the all-time high of Rs. 18,089.55.Â
Ambuja Cements Limited is a leading Indian cement manufacturing company engaged in producing and selling high-quality cement and related products. It serves various sectors like construction, infrastructure, and real estate, focusing on sustainable and environmentally friendly solutions.
With a market capitalization of Rs. 140,816.77 crores on Thursday, the stock closed at Rs. 571.70 per equity share, which is currently taking support at the 200-day moving average of Rs. 570.72 in a day’s Time Frame and currently trading at a discount price of 19.12 percent from the all-time high of Rs. 706.85.Â
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. Dailyraven Technologies 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.
