4 Stocks that are taking support at the 200-D EMA to keep an eye on
The 200-day Exponential Moving Average (200-D EMA) is a tool used to track a stock’s long-term price trend. It places more emphasis on recent prices, allowing it to respond faster than a simple moving average. Investors and traders commonly use the 200-D EMA to determine if a stock is in a long-term upward or downward trend.
When a stock finds support at the 200-D EMA, it means the price is rebounding after touching that level, indicating strength. This is often viewed as a bullish signal, showing that buyers are active and the stock could move higher.
Here are a few stocks that are taking support of 200-day exponential moving average (200-D EMA)
Blue Star Limited was established in 1943 and is engaged in…
