iStockOn August 16, Wednesday, Trendlyne unveiled an intriguing occurrence – more than 40 Nifty50 stocks exhibiting the Golden Crossover pattern. ETMarkets, known for its market insights, handpicked 10 stocks from this collection, offering investors a curated view of potential opportunities.
The Golden Crossover is a technical phenomenon that occurs when a stock's short-term moving average, typically the 50-day Simple Moving Average (SMA), crosses above its long-term moving average, often the 200-day SMA. This pattern is often seen as a bullish signal, indicating a potential shift from a downtrend to an uptrend. It signifies a shift in investor sentiment, reflecting increased buying interest. The Golden Crossover is a key tool for investors to gauge potential entry points or reevaluate existing positions.
1) Bajaj Finserv Ltd. (50Day SMA Rs: 1549.2, 200Day SMA Rs: 1474.6)
2) Bharat Petroleum Corporation Ltd. (50Day SMA Rs: 373.4, 200Day SMA Rs: 346.2)
3) Bharti Airtel Ltd. (50Day SMA Rs: 866.8, 200Day SMA Rs: 812.5)
4) Britannia Industries Ltd. (50Day SMA Rs: 4922, 200Day SMA Rs: 4498.6)
5) Cipla Ltd. (50Day SMA Rs: 1063, 200Day SMA Rs: 1022.2)
6) Coal India Ltd. (50Day SMA Rs: 230.4, 200Day SMA Rs: 228)
7) Divi's Laboratories Ltd. (50Day SMA Rs: 3630.1, 200Day SMA Rs: 3317.1)
8) Dr. Reddy's Laboratories Ltd. (50Day SMA Rs: 5203.1, 200Day SMA Rs: 4668)
9) Eicher Motors Ltd. (50Day SMA Rs: 3433.1, 200Day SMA Rs: 3337.6)
10) Grasim Industries Ltd. (50Day SMA Rs: 1783, 200Day SMA Rs: 1710.6)
(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)
Wednesday, 16 Aug, 2023- Front Page
- Pure Politics
- Economy
- ET Markets
- More
Democracy, Demography & Diversity Key Strengths: PMAddressing the nation for the 10th time since 2014 from the ramparts of Red Fort on Independence Day, Prime Minister Narendra Modi said the democracy, demography and diversity of India were formidable strengths and the country is moving at a rapid pace toward becoming a developed nation by 2047.
I-Day Consumer Sentiment Breaks Free of SlowdownSales of smartphones, laptops, television sets, refrigerators, daily consumables and fast-moving consumer goods (FMCG) have surged 25-30% in the ongoing Independence Day sales from last year’s levels, industry executives said.
Money eGaming Cos Face ₹45kcr Tax DemandThe online money gaming companies that had positioned themselves as platforms offering games of skill could be staring at an additional tax outgo of about ₹45,000 crore.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Get Unlimited Access to The Economic Times 
