Golden Crossovers: These 5 stocks signal bullishness on May 29
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Bullish Signal
In the NSE list of stocks with a market cap over Rs 1000 crore, five 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 May 28.
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AU Small Finance Bank
CMP: Rs 706.45 | 50-Day SMA: Rs 618.98 | 200-Day SMA: Rs 616.36
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Centum Electronics
CMP: Rs 2527 | 50-Day SMA: Rs 1,736.25 | 200-Day SMA: Rs 1,729.49
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Lumax Industries
CMP: Rs 2,809.4 | 50-Day SMA: Rs 2,492.09 | 200-Day SMA: Rs 2,485.88
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Balrampur Chini Mills
CMP: Rs 579.4 | 50-Day SMA: Rs 548.27 | 200-Day SMA: Rs 547.12
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Vinyas Innovative Technologies
CMP: Rs 873.3 | 50-Day SMA: Rs 812.54 | 200-Day SMA: Rs 811.65