Golden Crossovers: SRF among 4 stocks that signal further bullishness
1/5
Bullish Signals
In the NSE list of stocks, four 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 12.
2/5
EPL
CMP: Rs 188.75 | 50-Day SMA: Rs 164.26 | 200-Day SMA: Rs 164.06
3/5
Torrent Pharmaceuticals
CMP: Rs 1650.3 | 50-Day SMA: Rs 1567.56 | 200-Day SMA: Rs 1565.58
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4/5
SRF
CMP: Rs 2552.75 | 50-Day SMA: Rs 2401.28 | 200-Day SMA: Rs 2399.04
5/5
Swaraj Engines
CMP: Rs 1809.85 | 50-Day SMA: Rs 1604.49 | 200-Day SMA: Rs 1603.94