Market News
200 EMA breakout stocks today: Axis Bank, LT, Berger Paints, HAL among others close above their 200 EMA levels; Check details
2 min read | Updated on March 25, 2025, 05:51 IST
SUMMARY
The benchmark indices continue to march ahead with more than 7% gains from their recent lows. The NIFTY50 and SENSEX now comfortably trade above their short, medium and long-term moving averages.
Stock list
The NIFTY50 index continued its upward momentum for the sixth consecutive session on Monday. | Image: Shutterstock
NIFTY50 and SENSEX closed in green for a sixth consecutive session on Monday. The rally was driven by banking and financial services stocks. The benchmark indices are now trading 7% higher from the near-time lows. In tandem with the benchmark indices, broader indices too rallied on Monday with gains of up to 1.3%. The NIFTY smallcap 100 and midcap 100 are now trading more than 12% higher from their recent lows. The rally is expected to continue on Tuesday as a buoyant global market and strong FII buying remain key triggers for the market today.
On technical charts, NIFTY50 and SENSEX comfortably closed above 200 EMA indicating strength in the current rally from lower levels. The benchmark indices now trade above short, medium and long-term averages. Apart from the benchmark indices, below are some key stocks that closed above their respective 200 EMA levels on Monday
Axis Bank
Source: Upstox.pro, TradingViewShares of Axis Bank closed 2.5% higher on Monday at ₹1,097 apiece on the NSE, crossing its 200 EMA level of ₹1,089. The shares have recovered nearly 18% from the 52-week low levels and traded 18% below its record high levels last touched in July 2024.
Berger Paints
Source: Upstox.pro, TradingViewShares of one of the leading decorative paint manufacturers closed 2.2% higher on the NSE at ₹511 apiece, crossing its 200 EMA level of 509. The shares fell more than 30% from the 52-week high levels of ₹629 apiece.
HAL
Source: Upstox.pro, TradingViewShares of India’s leading defence player, Hindustan Aeronautics Ltd jumped 6% higher on the NSE on Monday at ₹4,129 apiece, crossing its 200 EMA level of ₹3,964 apiece on the NSE. The shares are up 34% from the recent lows of 04, March 2024 and 37% away from its all-time high of ₹5,674.
L&T
Source: Upstox.pro, TradingViewShares of India’s leading conglomerate Larsen & Toubro closed 1.9% higher on Monday at ₹3,481 apiece on the NSE, crossing its 200 EMA of ₹3,468. The shares have gained nearly 10% from the February 2025 lows.
Apart from the above-mentioned stocks, shares of companies like Chemplast Sanmar, Cochin Shipyard, Grasim Industries, Indian Energy Exchange, Inox Wind, Jindal Saw, Jubilant Foodworks, L&T, Maruti Suzuki, Macrotech Developers closed above 200 EMA levels on Monday
About The Author
Next Story
