Live Markets »News & Advice»Market News»Market News Details
Market News Details

Chart Reading: 75% of BSE500 stocks trading below 200-DMA

Avdhut Bagkar/Mumbai 07 Dec 18 | 03:59 PM


The frontline index Nifty reversed from 10,000 level recently and conquered 200-day moving average (DMA). Nifty Bank has rebounded from 24,240 and is currently trading above 50 DMA and 200 DMA. An indication of positive trend has emerged in the moving average theory which says index and stocks crossing 200-DMA will see optimistic sentiment. Few stocks are yet to catch up 200-DMA, however, they are showing positive momentum on technical charts. 

Related Stories

    No Related Stories Found
Widgets Magazine

STOCKSCMP50-DMA100-DMA200-DMATECHNICAL SCENARIO KSCL515512559536Inverse Head & ShoulderMGL863.3830.7852878Consolidation BreakoutBANDHAN BANK471.3456.9556-Rising Channel PatternL&TFH138131.3150157.2Volume breakout 

Kaveri Seed Co: The stock managed to close above 200 DMA a couple of sessions ago and has seen profit booking rather than follow up buying. Currently, 50-DMA is acting as support level on the closing basis. Consolidation is seen in the range of Rs 490 – Rs 530. 

Mahangar Gas: It is trading above 50 DMA and 100 DMA and is hovering around 200-DMA located at Rs 878 – Rs 880 with consolidation breakout on chart. 

Bandhan Bank witnessed a formation of "Rising Channel pattern" trending above 50-DMA. The volumes have remained inactive in volatile sessions. 

L&T Finance Holdings: It has seen volumes breakout with price moving higher. The range of Rs 140 – Rs 138 was crossed heading towards 100-DMA, currently seen retesting support levels. 

StocksDec 7, 201850-DMA100-DMA200-DMAMRF Ltd65475.064664.669526.471997.1Eicher Motors Ltd22400.023070.525615.427416.0Page Industries Ltd24077.128649.930040.926968.8Lakshmi Machine Works Ltd5700.05934.96672.57125.5Maruti Suzuki India Ltd7281.07212.88172.38519.6Shankara Building Products Ltd543.0986.41249.71500.4Sundaram-Clayton Ltd3402.03653.73829.94272.5Force Motors Ltd1635.11769.92109.42460.1WABCO India Ltd6394.06602.66744.87148.0ISGEC Heavy Engineering Ltd5237.25387.05645.55971.4Venky's India Ltd2299.22367.72481.42941.4TVS Srichakra Ltd2412.02502.22701.33019.1Cera Sanitaryware Ltd2345.02426.72582.12831.1Piramal Enterprises Ltd2064.12198.82504.12501.2Indiabulls Housing Finance Ltd717.9819.81031.61132.3Blue Dart Express Ltd3083.42921.13214.43496.5Shriram City Union Finance Ltd1561.81605.81777.21972.8APL Apollo Tubes Ltd1319.31279.11461.41711.7Johnson Controls-Hitachi Air C1793.01717.01869.02179.2Symphony Ltd990.1973.51057.01357.0Dilip Buildcon Ltd446.0492.2640.4812.8Quess Corp Ltd623.1764.5890.1989.2Shree Cement Ltd16122.915546.816496.216480.9Forbes & Co Ltd2450.02142.62339.92807.6BASF India Ltd1535.01641.91773.81889.7Oracle Financial Services Soft3578.03685.43850.23916.7Bosch Ltd18513.919020.519161.218848.9LUX Industries Ltd1440.01536.51682.91760.0IFB Industries Ltd830.1926.71030.01147.3Hero MotoCorp Ltd3037.32901.03086.73348.0Dewan Housing Finance Corp Ltd203.0241.2432.5507.5

Widgets Magazine


Company Price Gain (%)
IndusInd Bank1,572.003.59
Yes Bank141.702.90
ICICI Bank416.252.65
St Bk of India348.102.13
Power Grid Corpn185.701.98


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine