Golden Crossovers: These 4 stocks signal bullishness
1/5
Bullish Signs
In the NSE list of stocks, four stocks with a market cap of over Rs 200 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 May 18.
2/5
Krsnaa Diagnostics
CMP: Rs 537.1 | 50-Day SMA: Rs 469.56 | 200-Day SMA: Rs 467.09
3/5
Rane Engine Valve
CMP: Rs 289.3 | 50-Day SMA: Rs 228.54 | 200-Day SMA: Rs 228.13
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4/5
Southern Petrochemical Industries Corporation
CMP: Rs 70.45 | 50-Day SMA: Rs 63.61 | 200-Day SMA: Rs 63.54
5/5
Responsive Industries
CMP: Rs 157.85 | 50-Day SMA: Rs 133.94 | 200-Day SMA: Rs 133.92