Golden Crossovers: These 2 infra stocks signal further bullishness

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 SM...

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In the BSE list of stocks, two Infrastructure stocks with a market cap of over Rs 10,000 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 November 25, 2022. Take a look:


1. IRB Infrastructure Developers
CMP: Rs 249.9
50-day SMA: Rs 231.8

200-day SMA: Rs 231.37

IRB Infra Nov25

2. GMR Airports Infrastructure
CMP: Rs 40.7
50-day SMA: Rs 36.87
200-day SMA: Rs 36.86
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GMR Infra




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