5 Fundamentally strong stocks that are currently trading close to their 200 Day Moving Average

Moving average is a commonly used technical indicator to smoothen out the price fluctuations and to identify ongoing trends, and pinpoint support on Charts. Moving average is calculated by averaging the stock prices for a specific number of days.

If it is 200 DMA, then the last 200 days’ average prices are used, if it is 50 DMA, then the last 50 days’ average price is used. Updating the data based on First in First out ( FIFO) basis. Moving averages act as major support and major resistance for a Stock.

A Stock that is in a trend and declines to the moving average level, the moving average can act as support for that stock, and if a stock is in a downtrend and goes up to touch the moving average, it can act as resistance.

Here is the list of stocks that are trading close to their 200 Day Simple moving average (SMA):

1. Bombay Stock Exchange

Bombay Stock Exchange (BSE) is India’s oldest and one of the world’s largest stock exchanges, known for its significant role in the country’s financial markets. Established in 1875, BSE provides a robust platform for trading equities, derivatives, debt instruments, mutual funds, and commodities.

With a market capitalization of Rs. 53,195 crores, the stock is currently trading at Rs. 3,950, which is Close to the Stock’s 200 DMA price of Rs  4,005. It has fallen 35.59 percent from its 52-week high of Rs. 6,133.

2. Patanjali Foods

Patanjali Foods Limited is a leading Indian company in the FMCG and edible oil sector, known for its focus on natural and Ayurvedic products. Originally named Ruchi Soya Industries, the company was acquired by Patanjali Ayurved and rebranded to align with its vision of promoting indigenous and healthy food products.

With a market capitalization of Rs. 62,679 crores, the stock is currently trading at Rs. 1,731. Which is Close to the Stock’s 200 DMA price of Rs 1,749. It has fallen 14.72 percent from its 52-week high of Rs. 2,030.

3. Godfrey Phillips

Godfrey Phillips India Limited is one of India’s leading tobacco and consumer goods companies, known primarily for manufacturing and selling cigarettes and tobacco products.

With a market capitalization of Rs. 28,263 crores, the stock is currently trading at Rs. 5,417, which is Close to the Stock’s 200 DMA price of Rs. 5,406. It has fallen 36.12 percent from its 52-week high of Rs. 8,480.

Also read: CAMS, Nippon and 2 other stocks crash after MF inflow decline by 26% in February

4. Max Healthcare

Max Healthcare Institute Limited is one of India’s leading private healthcare providers, known for its network of multi-specialty hospitals offering world-class medical care. The company operates a chain of hospitals across major cities, providing advanced healthcare services in various specialties

With a market capitalization of Rs. 95,901  crores, the stock is currently trading at Rs. 993. Which is Close to the Stock’s 200 DMA price of Rs 981.83. It has fallen 19.07 percent from its 52-week high of Rs. 1,227.

5. First Source Solutions

Firstsource Solutions Limited (FSL) is a leading Indian provider of business process management (BPM) services, catering to clients across banking, financial services, healthcare, telecom, and media industries. As a subsidiary of the RP-Sanjiv Goenka Group, FSL specializes in customer experience management, digital transformation, analytics, and automation-driven outsourcing solutions.

With a market capitalization of Rs. 21,376 crores, the stock is currently trading at Rs. 306. Which is Close to the Stock’s 200 DMA price of Rs 315.41. It has fallen 27.45 percent from its 52-week high of Rs. 422.80.

Written By Abhishek Das

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