SBI, NTPC among 10 Nifty stocks with golden crossover pattern

For investors navigating the tumultuous waters of the stock market, spotting reliable patterns and indicators is crucial. One such pattern that has captured the attention of traders and analysts alike is the "Golden Crossover." In this article, we will explore what the Golden Crossover is, its importance in assessing stock movement, and highlight 10 stocks that have recently exhibited this promising pattern.

The Golden Crossover is a widely recognized and bullish technical indicator in the world of stock trading. It occurs when a stock's short-term moving average crosses above its long-term moving average. Typically, the 50-day moving average (SMA) is considered the short-term measure, while the 200-day SMA represents the long-term measure.

10 Stocks Exhibiting the Golden Crossover Pattern

1) Larsen & Toubro Ltd. (NSE: LT) - Current Price: ₹2,675

2) Mahindra & Mahindra Ltd. (NSE: M&M) - Current Price: ₹1,546.50

3) Maruti Suzuki India Ltd. (NSE: MARUTI) - Current Price: ₹9,819.20

4) NTPC Ltd. (NSE: NTPC) - Current Price: ₹216.60

5) Nestle India Ltd. (NSE: NESTLEIND) - Current Price: ₹22,373.40

6) Oil And Natural Gas Corporation Ltd. (NSE: ONGC) - Current Price: ₹176.00

7) Power Grid Corporation of India Ltd. (NSE: POWERGRID) - Current Price: ₹187.60

8) Reliance Industries Ltd. (NSE: RELIANCE) - Current Price: ₹2,528.70

9) SBI Life Insurance Company Ltd. (NSE: SBILIFE) - Current Price: ₹1,310.20

10) State Bank of India (NSE: SBIN) - Current Price: ₹586.80

(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)