Golden Crossovers: Deepak Nitrite among 3 stocks signal further bullishness on June 15
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Golden Crossover Alert
In the Nifty500 pack, three stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on June 12.
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Deepak Fertilisers And Petrochemicals Corporation
CMP: Rs 1554.6 | 50-Day SMA: Rs 1280.55 | 200-Day SMA: Rs 1271.49
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Inventurus Knowledge Solutions
CMP: Rs 1678.3 | 50-Day SMA: Rs 1577.49 | 200-Day SMA: Rs 1572.98
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Deepak Nitrite
CMP: Rs 1669.9 | 50-Day SMA: Rs 1662.64 | 200-Day SMA: Rs 1660.6