Stocks
above 200 EMA indicate a shift of price from bearish to bullish territory. If
any stock which is above 200 EMA gives closing above 50 EMA, it's a strong
bullish signal for the long term. It reflects the buyers are interested in such
stock to invest for the longer period.
We have
identified 3 stocks which were already above 200 EMA recently, and further
they have crossed above 50 EMA. RSI of each of the stock also near or above 60
level, which indicates a bullish momentum in each of them. Please before
investment do your own analysis. Here are the stocks:
VGUARD :
Vguard was listed in the stock exchange on 13th
March, 2008 is engaged in manufacturing, trading and selling of vast range of
electrical products such as UPS, solar heaters, PVC insulated cables, stabilizers,
single phase pimps, three phase pumps, modular switches, switch gears, solar
water heater, kitchen related electrical appliances, Air coolers, gas stoves,
etc.
It has a
market capitalization of Rs.19442 crore, 52 week high is Rs.577.45 (In August,
2024), 52 week low is Rs.285.80 (in January, 2024).
From the
daily chart of Vguard given below, we can see that 1/1/2025, the stock has
crossed above 50 EMA. RSI (we take RSI upper level at 60 and lower level at 40)
is at 60.13 indicates bullish momentum.
Century Ply :
The
company is from basic plywood and laminates sector listed in the
BSE in 2006.It has a market capitalization of Rs.17812.72 crore, 52 week
high of the share price is Rs.935.00( in September, 2024), 52 week low is
Rs.622.10 (in March, 2024).
From the below
daily chart of Century ply we can see that on 1/1/2025 the stock has crossed
above 200 EMA and 50 EMA in one candle and the stock today is one of the top
movers in five stocks in Nifty 500.RSI is also approaching towards 60 level,
now at 54.17 suggesting bullish momentum is coming in this stock.
Maharashtra Seamless Ltd:
Maharashtra
Seamless Ltd. listed on the exchange in the year 2004,having a market
capitalization of Rs.10103.54 crore. The company is engaged in manufacturing
seamless tube and pipes with highest quality and wide range of products
adopting CPE technology. It has diversified in renewable power generation and
rig operations.
From the
below daily chart of the company we can see that the chart of this
company at present is slightly different from the previous two stocks in terms
of EMA. The 50 EMA is below 200 EMA which is trying to cross the longer EMA.
The bullish candle on 1st January, 2025 took support from 200 EMA which is a
bullish signal. If the 50 EMA can surpass the 200 EMA, it will be a golden
crossover in the stock, which can shift the stock's movement to the strong
bullish territory. RSI is also above 60, indicates strong momentum in the
stock.
