200 EMA breakout stocks: These 3 stocks gave breakout above 200 EMA despite broader weakness

Indian equity benchmarks are likely to make a cautious start with negative bias amid rising concerns of looming global trade war after US president Trump imposed discounted reciprocal tariffs on all their trading partner. However, some optimism may come later in the day with reports that India’s position is comparatively better than its neighboring competitors amid the changing global trade order. Besides, it is widely accepted that the Reserve Bank of India will slash the interest rate by 25bps in the upcoming MPC meeting scheduled from April 7 to April 9.

NMDC

Shares of NMDC, a leading iron and manganese ore miner, closed above its 200 EMA levels on Thursday at ₹70.43 by gaining 0.31%. The shares have gained 18% from their January lows and 15% away from the 52-week high levels last touched in December 2024.

Berger Paints

Shares of one of the leading decorative and industrial paint manufacturers jumped 1.2% higher on Thursday to close above its 200 EMA levels of ₹508 by closing at ₹511 apiece on the NSE. The shares are currently trading 15% below its 52-week high price.

Mahanagar Gas

Shares of Mahanagar Gas Ltd jumped 0.58% on Thursday to close above its 200 EMA level of ₹1,395 by closing at ₹1,396 apiece on the NSE. The shares have jumped 25% from its November 2024 lows.

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