The Golden Crossover is a widely recognised technical indicator that occurs when a stock’s short-term moving average crosses above its long-term moving average. Typically, the moving averages used are the 50-day and 200-day moving averages. When the shorter-term moving average (50-day) moves above the longer-term moving average (200-day), it signals a bullish trend reversal. This pattern suggests that the stock’s momentum is shifting, indicating a potential upward movement in the stock’s price.
The Golden Crossover is considered a significant technical signal, as it indicates a shift in the stock’s momentum from bearish to bullish.
July 14 Golden Crossover Stocks:
On July 14, Trendlyne reported that more than 340 stocks have witnessed the Golden Crossover. From this group, ETMarkets has identified 10 stocks that have recently experienced the formation of this pattern. Let’s take a closer look at these stocks:
1) Can Fin Homes Ltd. – 50Day SMA Rs: 719.7, 200Day SMA Rs: 587
2) Canara Bank – 50Day SMA Rs: 309.2, 200Day SMA Rs: 297
3) Capri Global Capital Ltd. – 50Day SMA Rs: 728.8, 200Day SMA Rs: 717.2
4) Carborundum Universal Ltd. – 50Day SMA Rs: 1177.6, 200Day SMA Rs: 984.4
5) Ceat Ltd. – 50Day SMA Rs: 2018.1, 200Day SMA Rs: 1686.1
6) Central Bank of India – 50Day SMA Rs: 28, 200Day SMA Rs: 26.7
7) Century Plyboards (India) Ltd. – 50Day SMA Rs: 601.4, 200Day SMA Rs: 555
8) Century Textiles & Industries Ltd. – 50Day SMA Rs: 813.7, 200Day SMA Rs: 747
9) Cera Sanitaryware Ltd. – 50Day SMA Rs: 7502.4, 200Day SMA Rs: 6159.9
10) Chalet Hotels Ltd. – 50Day SMA Rs: 425.9, 200Day SMA Rs: 376.3
The data pertains to Nifty 500 stocks and was taken around 1:40 pm today. The current trend of each stock may not reflect the exact situation as the updates on Trendlyne may come with a lag.
(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)