Coal India, Divi's Laboratories among 10 Nifty stocks with golden crossover pattern

In the world of stock trading, deciphering the patterns that stocks exhibit is a crucial part of an investor's toolkit. One such pattern that often catches the attention of traders is the "Golden Crossover." This technical indicator holds the promise of potential bullish movements in the stock market. On October 16, ETMarkets delved into the Golden Crossover and unveiled a selection of 10 Nifty stocks displaying this pattern. But what exactly is the Golden Crossover, and why is it vital for stock market enthusiasts?

The Golden Crossover is a significant technical pattern that indicates a potential shift in the market's sentiment, signaling the start of a bullish trend. This pattern is formed when a stock's short-term moving average (typically 50-day) crosses above its long-term moving average (typically 200-day). The 50-day moving average is used to gauge a stock's short-term performance, while the 200-day moving average helps identify long-term trends.

10 Nifty Stocks Exhibiting the Golden Crossover


As of October 16, Trendlyne reported a Golden Crossover in over 40 Nifty stocks. From this list, ETMarkets has selected 10 stocks showing this pattern:

1) Axis Bank Ltd.
50Day SMA Rs: 986.6
200Day SMA Rs: 927.3

2) Bajaj Auto Ltd.
50Day SMA Rs: 4823.6
200Day SMA Rs: 4364.2

3) Bajaj Finance Ltd.
50Day SMA Rs: 7440.8
200Day SMA Rs: 6735.3

4) Bajaj Finserv Ltd.
50Day SMA Rs: 1532.2
200Day SMA Rs: 1450.9

5) Bharat Petroleum Corporation Ltd.
50Day SMA Rs: 352.3
200Day SMA Rs: 351.9

6) Bharti Airtel Ltd.
50Day SMA Rs: 895.2
200Day SMA Rs: 826.2

7) Cipla Ltd.
50Day SMA Rs: 1214.5
200Day SMA Rs: 1040.6

8) Coal India Ltd.
50Day SMA Rs: 260.9
200Day SMA Rs: 234.5

9) Divi's Laboratories Ltd.
50Day SMA Rs: 3715
200Day SMA Rs: 3377.6

10) Dr. Reddy's Laboratories Ltd.
50Day SMA Rs: 5657.1
200Day SMA Rs: 4913

(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)