ReutersThe Golden Crossover is a technical analysis pattern that occurs when a shorter-term moving average crosses above a longer-term moving average. The two most commonly used moving averages for this pattern are the 50-day simple moving average (SMA) and the 200-day SMA. When the 50-day SMA crosses above the 200-day SMA, it is considered a bullish signal, suggesting a potential upward shift in the stock's price trend.
On August 14, Monday, Trendlyne, a reputable source for stock analysis, reported that 21 stocks had recently witnessed the formation of the Golden Crossover pattern. From this list, ETMarkets, known for its financial insights, curated 10 stocks that exhibited this pattern, offering potential insights for investors looking to make informed decisions.
Exploring 10 Stocks with the Golden Crossover:
1) Asian Paints Ltd. - 50Day SMA: Rs 3341 | 200Day SMA: Rs 3057.7
2) Axis Bank Ltd. - 50Day SMA: Rs 963.7 | 200Day SMA: Rs 906.7
3) Bajaj Auto Ltd. - 50Day SMA: Rs 4763.3 | 200Day SMA: Rs 4117.1
4) Bajaj Finance Ltd. - 50Day SMA: Rs 7291.1 | 200Day SMA: Rs 6595
5) Bajaj Finserv Ltd. - 50Day SMA: Rs 1548.7 | 200Day SMA: Rs 1475.7
6) Bharat Petroleum Corporation Ltd. - 50Day SMA: Rs 373.5 | 200Day SMA: Rs 346
7) Bharti Airtel Ltd. - 50Day SMA: Rs 866.2 | 200Day SMA: Rs 812.2
8) Britannia Industries Ltd. - 50Day SMA: Rs 4925.1 | 200Day SMA: Rs 4495.1
9) Cipla Ltd. - 50Day SMA: Rs 1057.6 | 200Day SMA: Rs 1021.7
10) Coal India Ltd. - 50Day SMA: Rs 230.4 | 200Day SMA: Rs 228
(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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