ETMarkets.comThe Golden Crossover is a strong indicator that a stock is entering an uptrend, making it an opportune time for investors to consider buying. When the short-term moving average crosses above the long-term moving average, it signals increased buying interest and investor confidence in the stock's potential. Investors can use the Golden Crossover to time their entry into a stock or exit positions, potentially maximizing profits and minimizing losses.
On September 4, Trendlyne reported that 48 Nifty stocks experienced the Golden Crossover. We've selected 10 of these stocks for a closer look:
1) Cipla Ltd. (50Day SMA: 1127.7, 200Day SMA: 1027.7)
2) Coal India Ltd. (50Day SMA: 230.9, 200Day SMA: 226.9)
3) Divi's Laboratories Ltd. (50Day SMA: 3664.9, 200Day SMA: 3324)
4) Dr. Reddy's Laboratories Ltd. (50Day SMA: 5477.3, 200Day SMA: 4752.6)
5) Eicher Motors Ltd. (50Day SMA: 3368.5, 200Day SMA: 3314.8)
6) Grasim Industries Ltd. (50Day SMA: 1794.2, 200Day SMA: 1714.7)
7) HCL Technologies Ltd. (50Day SMA: 1153.1, 200Day SMA: 1108.9)
8) HDFC Bank Ltd. (50Day SMA: 1641.3, 200Day SMA: 1629.6)
9) HDFC Life Insurance Company Ltd. (50Day SMA: 647.4, 200Day SMA: 573.5)
10) Hero MotoCorp Ltd. (50Day SMA: 3015.9, 200Day SMA: 2733.5)
(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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