iStockThe Golden Crossover is a bullish technical indicator that occurs when a stock's short-term moving average (typically the 50-day simple moving average or SMA) crosses above its long-term moving average (usually the 200-day SMA). This pattern signifies a shift in market sentiment from bearish to bullish, potentially indicating the start of an uptrend.
The Golden Crossover serves as a strong confirmation signal for investors to identify potential bullish trends in a stock's price movement. This pattern provides a long-term perspective, allowing investors to make informed decisions about the stock's overall trend. Investors use the Golden Crossover to identify potential entry points to buy a stock.
ETMarkets' Top 10 Golden Crossover Stocks:
1) Apollo Hospitals Enterprise Ltd. (50Day SMA Rs: 4982.3, 200Day SMA Rs: 4580.5)
2) Asian Paints Ltd. (50Day SMA Rs: 3292.9, 200Day SMA Rs: 3051.7)
3) Axis Bank Ltd. (50Day SMA Rs: 957.1, 200Day SMA Rs: 898.1)
4) Bajaj Auto Ltd. (50Day SMA Rs: 4714.5, 200Day SMA Rs: 4048.2)
5) Bajaj Finance Ltd. (50Day SMA Rs: 7211.7, 200Day SMA Rs: 6601.6)
6) Bajaj Finserv Ltd. (50Day SMA Rs: 1524, 200Day SMA Rs: 1485.5)
7) Bharat Petroleum Corporation Ltd. (50Day SMA Rs: 372.5, 200Day SMA Rs: 342)
8) Bharti Airtel Ltd. (50Day SMA Rs: 849, 200Day SMA Rs: 806)
9) Britannia Industries Ltd. (50Day SMA Rs: 4887.6, 200Day SMA Rs: 4438.2)
10) Coal India Ltd. (50Day SMA Rs: 232.2, 200Day SMA Rs: 228.1)
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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