NTPC, ONGC among 5 Nifty stocks with golden crossover pattern

For investors navigating the intricate world of stocks, spotting promising patterns is a skill worth honing. The Golden Crossover is one such pattern that has piqued the interest of market enthusiasts. On November 9, Thursday, Trendlyne's report revealed that over 40 Nifty stocks have recently exhibited the Golden Crossover pattern. In this article, we will unravel the significance of the Golden Crossover, its implications for investors, and examine 5 stocks that have recently experienced this pattern.

The Golden Crossover occurs when the 50-day SMA surpasses the 200-day SMA. This phenomenon is symbolic of a potential bullish trend, indicating that the stock is gaining momentum.

5 Stocks with a Golden Crossover

Let's delve into 5 stocks that recently experienced the Golden Crossover effect:

1) NTPC Ltd.
50-Day SMA: 236.2
200-Day SMA: 196.1

2) Nestle India Ltd.
50-Day SMA: 22996.9
200-Day SMA: 21448.3

3) Oil And Natural Gas Corporation Ltd.
50-Day SMA: 184.9
200-Day SMA: 166.1

4) Power Grid Corporation of India Ltd.
50-Day SMA: 198.3
200-Day SMA: 181.7

5) SBI Life Insurance Company Ltd.
50-Day SMA: 1322.5
200-Day SMA: 1234.5

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(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)