India, Feb. 19 -- The 200-day Exponential Moving Average (200-D EMA) is widely used to understand a stock's long-term trend. It places greater importance on recent prices, so it reacts faster to market movements than a simple moving average. Traders and investors track this indicator to judge whether a stock is maintaining an overall uptrend or slipping into a downtrend.
When a stock takes support near the 200-D EMA and rebounds, it suggests buying strength at that level. This is often viewed as a positive technical sign, showing renewed demand and the possibility of continued upward movement. In this piece, we focus on five stocks showing strength around this important support level. Here are a few stocks that are taking support from th...
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