The 200-day moving average (200 DMA) is a widely used technical indicator in financial markets. It is calculated by taking the average closing prices of a security over the past 200 days. One of the primary reasons the 200-day moving average is popular is its ability to act as a support or resistance level.

When a stock’s price is below the 200 DMA, it is often considered to be in a bearish phase. However, it could also present a buying opportunity if the stock shows signs of reversal or if it is oversold.

The stocks to watch out for are listed below:

Dr Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories Ltd. is an integrated global pharmaceutical company headquartered in Hyderabad, India, with a mission to provide affordable and innovative medicines. It offers a wide range of products

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