Golden Crossovers: These 3 stocks signal further bullishness
By Ritesh Presswala, ETMarkets.com |
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Bullish Signs
In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore have been 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on May 03.
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Datamatics Global Services
CMP: Rs 414.15 | 50-Day SMA: Rs 305.14 | 200-Day SMA: Rs 304.77
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Carysil
CMP: Rs 589.45 | 50-Day SMA: Rs 558.12 | 200-Day SMA: Rs 557.71
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