5 High Quality Stocks Trading Near 200 Day Moving Averages

The BSE Sensex gained 415.49 points to 60,224.46 while NSE Nifty surged 117.1 points to 17,711.45 points. Some high-quality stocks are trading near their 200 day moving averages. These stocks are Reliance Industries, ICICI Bank, Infosys, TCS, and Hindustan Unilever. Check details below:

Reliance Industries Ltd: Current market price of Reliance Industries Ltd is Rs 2407.80 apiece with intraday gain of 0.95%. The stock's 200 day moving average price is Rs 2483.62 apiece. The company has a market capitalisation of Rs 16,28,994.12 crore. The large cap Diversified Sector stock fell 10% in last 3-months. It delivered over 3% return in last 1-year. In last 3-years, it soared over 89%.

ICICI Bank: Current market price of ICICI Bank is Rs 867.95 with intraday decline of 0.10%. Its market capitalisation is Rs 6,05,925.01 crore. The stock's 200 day moving average price is Rs 846.23 apiece. The stock gave 26% return in last 1-year and 78% in last 3-years.

Infosys: The 200-day moving average price of Infosys is Rs 1545.68 apiece. Current market price of Infosys is Rs 1507.55 apiece. Its market capitalisation is Rs 6,34,389.23 crore. The large cap IT Software sector stock rallied 104% in last 3-years and declined 12% in last 1-year.

TCS: Current market price of the Tata Group's stock TCS is Rs 3371.50 apiece with intraday gain of 0.86%. The company has a market capitalisation of Rs 12,33,649.17 crore. The stock's 200 day moving average price is Rs 3339.98 apiece. The stock fell 4% in last 1-year and offered a return of 59% in last 3-years.

Hindustan Unilever Ltd: Current market price of the large cap FMCG stock is Rs 2484.75 apiece. Its market capitalisation is Rs 5,83,814.69 crore. The 200 day moving average price of Hindustan Unilever is Rs 2522.68 apiece. It delivered 23% return in last 1-year.

Importance of 200 Day Moving Average: Stocks trading below the 200 day moving averages are believed to be weak, unless there is some bounce in the stock. This average gives you more of a long-term trend in a particular stock. Whether these stocks have to be bought into, only chartists can tell. For common persons, a fall below 200 day moving averages generally shows a weakness in the stock. Technicals must be read along with fundamentals as structural changes in the performance of a company will always have an impact on a stock.