Golden Crossovers: These 4 stocks signal further bullishness on December 3
Written by
, ETMarkets.com|
1/5
Bullish Signs
According to StockEdge.com's technical scan data, four stocks on the NSE list with a market cap of over Rs 1,000 crore are witnessing golden crossovers. A golden cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses above the major long-term moving average. These stocks' 50-day simple moving averages (SMAs) crossed their 200-day SMAs on December 2.
Agencies

2/5
Jaiprakash Power Ventures
CMP: Rs 18.54 | 50-Day SMA: Rs 18.46 | 200-Day SMA: Rs 18.42
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3/5
Indian Bank
CMP: Rs 582.65 | 50-Day SMA: Rs 540.06 | 200-Day SMA: Rs 539.91
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4/5
Nilkamal
CMP: Rs 1,891 | 50-Day SMA: Rs 1,898.84 | 200-Day SMA: Rs 1,898.36
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5/5
Gandhar Oil Refinery (India)
CMP: Rs 228.32 | 50-Day SMA: Rs 218.58 | 200-Day SMA: Rs 218.56
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