Golden Crossovers: These 5 stocks signal further bullishness
By Ritesh Presswala, ETMarkets.com |
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Bullish Signals
In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore 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 December 14. Take a look:
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Kamdhenu
CMP: Rs 369.55
50-Day SMA: Rs 204.59
200-Day SMA: Rs 203.43
50-Day SMA: Rs 204.59
200-Day SMA: Rs 203.43
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Infibeam Avenues
CMP: Rs 19.35
50-Day SMA: Rs 16.36
200-Day SMA: Rs 16.29
50-Day SMA: Rs 16.36
200-Day SMA: Rs 16.29
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Eveready Industries India
CMP: Rs 364.45
50-Day SMA: Rs 330.48
200-Day SMA: Rs 329.73
50-Day SMA: Rs 330.48
200-Day SMA: Rs 329.73
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MSTC
CMP: Rs 325.45
50-Day SMA: Rs 285.23
200-Day SMA: Rs 284.59
50-Day SMA: Rs 285.23
200-Day SMA: Rs 284.59