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Reputation: 642,681  •  Jun 27, 2023 10:46 PM
Shree Cement, LIC among 5 stocks trading below 200-day SMA. What does this tell about stocks?
Shree Cement, LIC among 5 stocks trading below 200-day SMA. What does this tell about stocks?
Shree Cement, Praj Industries, Borosil Renewables, Life Insurance Corporation of India and Vedant Fashions are trading below their respective 200-day Simple Moving Averages (SMAs), which is a significant event. However, each company has unique qualities and presents potential investment opportunities and investors can make informed decisions and potentially benefit from the situation. Shree Cement Ltd, Praj Industries Ltd and Borosil Renewables Ltd have seen momentary dips, but their strong fundamentals and potential for growth make them appealing. Despite trading momentarily below the 200-day SMA, Life Insurance Corporation of India and Vedant Fashions present interesting propositions due to their market position and growth potential in their respective sectors.
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
#PRAJIND #SHREECEM

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NSE:PRAJIND price when posted: 370.15
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