Several stocks were seen trading below their 200-day moving average (200-DMA) on Monday, indicating continued weakness in long-term price trends despite gains in the broader market.
The 200-DMA is widely tracked by traders and investors as a key technical indicator to assess long-term momentum. Stocks trading below this level are generally considered to be under pressure unless they manage to reclaim the moving average with strong volumes.
Among the prominent names trading below their 200-DMA were Eternal Ltd, CEAT, Imagicaaworld Entertainment, Dalmia Bharat, Gujarat Apollo Industries, Godrej Properties, Smartworks Coworking Spaces, and Tata Investment Corporation.
Eternal Ltd was trading at ₹246.8, nearly 14.1% below its 200-DMA of ₹287.31. Godrej Properties was also under pressure, trading around 8% below its 200-day average.
CEAT shares traded at ₹3,324, around 7.8% below the 200-DMA level of ₹3,605.64, while Dalmia Bharat remained over 12% below its long-term moving average.
Smartworks Coworking Spaces and Tata Investment Corporation were also seen trading below their respective 200-DMA levels, though the gap was relatively narrower compared to some other names on the list.
Here are some of the stocks trading below their 200-DMA on Monday:
Eternal Ltd — 14.1% below 200-DMA
Imagicaaworld Entertainment — 12.6% below 200-DMA
Dalmia Bharat — 12.3% below 200-DMA
Gujarat Apollo Industries — 9.9% below 200-DMA
Godrej Properties — 8% below 200-DMA
CEAT — 7.8% below 200-DMA
Tata Investment Corporation — 4.1% below 200-DMA
Kotak Mahindra Bank — 3.5% below 200-DMA
Smartworks Coworking Spaces — 3.1% below 200-DMA
Technical analysts generally monitor whether such stocks witness fresh buying interest near support zones or continue to remain below their long-term averages, which could indicate prolonged weakness.
Disclaimer:
This article is for informational purposes only and should not be construed as investment advice. Investors should consult certified financial advisors before making investment decisions.