Bengaluru, June 23 -- 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.

The stocks to watch out for are listed below 1. ITC Limited ITC Limited is one of India's largest conglomerates with a diversified presence across FMCG, hotels, paperboards, packaging, agri-business, and informa...