List of stocks that are trading near 200-week EMA

This is a perfect opportunity for medium and long-term investors, who wish to invest in good quality stocks

On Friday, the benchmark index Nifty breached its previous low and hit the day’s low at 16,133.80. There was tremendous pressure from the global perspective, and as a result of this, most stocks have significantly corrected 20-25 per cent since their previous swing highs. However, this is a perfect opportunity for medium and long-term investors, who wish to invest in good quality stocks on dips. Such stocks have a strong potential to deliver good returns in the long run.   

Some stocks are seen trading near their 200-week EMA, which happens to be a strong support level. The 200-week EMA is generally used by long-term investors, who accumulate the stocks near this important indicator. So, here is the list of stocks that are trading near 200-week EMA. Such stocks are likely to experience strong buying interest near their 200-week EMA.  

Here is the list of stocks that are trading near 200-week EMA:  

EICHERMOTORS  

EQUITAS  

RALLIS  

SHRIRAMCIT  

SRTRANSFIN  

THYROCARE  

VGUARD