BHEL, M&M and 4 other stocks that are taking support at the 200-D EMA to keep an eye on

Synopsis: Six Nifty 500 stocks, Bharat Heavy Electricals, Maruti Suzuki, Mahindra & Mahindra, Uno Minda, 360 ONE WAM, and MRF, are showing strength after taking support near the 200-day EMA.

The 200-day Exponential Moving Average (200-D EMA) is a commonly used indicator to identify a stock’s long-term trend. It gives more weight to recent price movements, making it more responsive than a simple moving average. Investors and traders use it to determine whether a stock is in a sustained uptrend or showing signs of weakness.

When a stock finds support near the 200-day EMA and rebounds, it indicates buying interest at that level. This is generally seen as a positive technical signal, suggesting renewed demand and the potential for further upward movement. 

Here are a few Nifty 500 stocks that are taking support from the 200-day exponential moving average (200-D EMA)

Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited (BHEL) was established in 1964 and is headquartered in New Delhi. The company is India’s largest engineering and manufacturing public sector enterprise in the energy and infrastructure sectors. It operates under the Ministry of Heavy Industries and is a leading producer of power generation equipment and industrial systems in India and abroad.

Bharat Heavy Electricals Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 255.34. The stock closed at Rs. 261.95 in Wednesday’s session, reflecting a 0.06 percent increase in the intraday trade.

Maruti Suzuki India Limited

Maruti Suzuki India Limited was established in 1981 as Maruti Udyog Limited. The company is the largest passenger vehicle manufacturer in India and a subsidiary of Japan’s Suzuki Motor Corporation. The company produces a wide range of vehicles, including hatchbacks, sedans, and SUVs. It operates an extensive sales and service network across India and focuses on fuel-efficient and affordable vehicles.

Maruti Suzuki India Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 14,793.56. The stock closed at Rs. 15,070 in Wednesday’s session, reflecting a 0.96 percent increase in the intraday trade.

Mahindra & Mahindra Limited

Mahindra & Mahindra Limited (M&M) was founded in 1945 and is an Indian multinational automobile and farm equipment manufacturer headquartered in Mumbai, Maharashtra. The company is the flagship company of the Mahindra Group, one of India’s largest diversified conglomerates. M&M is a market leader in sport-utility vehicles (SUVs) and tractors, and plays a pivotal role in India’s industrial and rural economy.

Mahindra & Mahindra Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 3,414.34. The stock closed at Rs. 3,491.30 in Wednesday’s session, reflecting a 1.69 percent increase in the intraday trade.

Uno Minda Limited

Uno Minda Limited (formerly Minda Industries Limited) is a leading Indian multinational company that designs, manufactures, and supplies automotive components and systems to major vehicle manufacturers worldwide. The company serves the passenger, commercial, and two-/three-wheeler segments across both internal combustion and electric vehicle markets.

Uno Minda Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,178.54. The stock closed at Rs. 1,217.80 in Wednesday’s session, reflecting a 3.42 percent increase in the intraday trade.

360 ONE WAM Limited

360 ONE WAM Limited is an Indian wealth and asset management company headquartered in Mumbai. Formerly known as IIFL Wealth, it focuses on serving high-net-worth and ultra–high-net-worth clients with integrated wealth, asset, lending, and advisory solutions. It is among India’s largest non-bank wealth managers by assets under management.

360 ONE WAM Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,102.51. The stock closed at Rs. 1,131.80 in Wednesday’s session, reflecting a 1.65 percent increase in the intraday trade.

MRF Limited

MRF Limited (Madras Rubber Factory) was founded in 1946 and is India’s largest tyre manufacturer and one of the top 20 globally, headquartered in Chennai, Tamil Nadu. The company evolved from a toy balloon maker into a global tyre brand known for innovation, motorsports presence, and a broad product portfolio spanning vehicles from scooters to aircraft.

MRF Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,44,718.04. The stock closed at Rs. 1,47,585 in Wednesday’s session, reflecting a 2.53 percent increase in the intraday trade.

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 BHEL, M&M and 4 other stocks that are taking support at the 200-D EMA to keep an eye on appeared first on Trade Brains.