Golden Crossovers: Zee among 5 stocks signal bullishness ahead
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Bullish Signals
In the NSE list of stocks, five stocks with a market cap of over Rs 1000 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 August 24.
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 August 24.
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Zee Entertainment Enterprises
CMP: Rs 272.2 | 50-Day SMA: Rs 221.26 | 200-Day SMA: Rs 220.06
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Piramal Pharma
CMP: Rs 100.1 | 50-Day SMA: Rs 96.08 | 200-Day SMA: Rs 95.64
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4/6
Subex
CMP: Rs 35.4 | 50-Day SMA: Rs 31.3 | 200-Day SMA: Rs 31.25
5/6
Amrutanjan Health Care
CMP: Rs 613.95 | 50-Day SMA: Rs 657.94 | 200-Day SMA: Rs 657.67
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The Federal Bank
CMP: Rs 140.7 | 50-Day SMA: Rs 131.48 | 200-Day SMA: Rs 131.46