Divi's Laboratories, HCL Technologies among 10 Nifty stocks with golden crossover pattern

In the dynamic world of stock trading, investors rely on various technical indicators to spot potential opportunities and mitigate risks. One such powerful indicator is the Golden Crossover, a bullish pattern that can signal a stock's potential for growth. On October 9, Monday, Trendlyne reported that over 40 Nifty stocks had witnessed the Golden Crossover. Today, we delve into the significance of this pattern and explore 10 stocks that may be poised for growth.

The Golden Crossover is a technical chart pattern that occurs when a stock's short-term moving average (typically the 50-day moving average) crosses above its long-term moving average (usually the 200-day moving average). This crossover suggests a shift in momentum from bearish to bullish, indicating the potential for future price appreciation. It is a key tool for traders and investors to identify stocks that may be on the verge of an uptrend.

Now, let's explore 10 stocks that have experienced the Golden Crossover:

1) Cipla Ltd.
50-Day SMA: 1213.7
200-Day SMA: 1039.2

2) Coal India Ltd.
50-Day SMA: 253.8
200-Day SMA: 232.6

3) Divi's Laboratories Ltd.
50-Day SMA: 3711.5
200-Day SMA: 3369.5

4) Dr. Reddy's Laboratories Ltd.
50-Day SMA: 5663.9
200-Day SMA: 4884.5

5) Eicher Motors Ltd.
50-Day SMA: 3384.2
200-Day SMA: 3318.3

6) Grasim Industries Ltd.
50-Day SMA: 1857
200-Day SMA: 1731.1

7) HCL Technologies Ltd.
50-Day SMA: 1202.9
200-Day SMA: 1127.6

8) HDFC Life Insurance Company Ltd.
50-Day SMA: 641.8
200-Day SMA: 582.2

9) Hero MotoCorp Ltd.
50-Day SMA: 3005.8
200-Day SMA: 2762.4

10) Hindalco Industries Ltd.
50-Day SMA: 466.8
200-Day SMA: 441.1

(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)