Golden Crossovers: These 4 stocks signal further bullishness
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Bullish Signs
In the NSE list of stocks, four stocks with a market cap of over Rs 300 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 April 25. Take a look.
2/5
Torrent Power
CMP: Rs 543.30 | 50-Day SMA: Rs 514.69 | 200-Day SMA: Rs 513.59
3/5
VRL Logistics
CMP: Rs 628.75 | 50-Day SMA: Rs 592.5 | 200-Day SMA: Rs 591.71
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4/5
Syngene International
CMP: Rs 625.75 | 50-Day SMA: Rs 585.88 | 200-Day SMA: Rs 585.39
5/5
DIC India
CMP: Rs 416.95 | 50-Day SMA: Rs 388.27 | 200-Day SMA: Rs 388.08