Golden Crossovers: These 3 stocks signal further bullishness

In the NSE list of stocks with a market cap over Rs 500 crore, 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 September 29. Take a look:

Igarashi Motors India CMP: Rs 429.4 | 50-Day SMA: Rs 374.29 | 200-Day SMA: Rs 372.65

Indraprastha Medical Corporation CMP: Rs 63.25 | 50-Day SMA: Rs 66.03 | 200-Day SMA: Rs 65.94

Eris Lifesciences CMP: Rs 710.9 | 50-Day SMA: Rs 691.32 | 200-Day SMA: Rs 691.3