Golden Crossovers: These 6 stocks signal further bullishness
By Ritesh Presswala, ETMarkets.com |
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Bullish Signs
In the NSE list of stocks, six stocks with a market cap of over Rs 1,000 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 June 30.
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Sportking India
CMP: Rs 850.35 | 50-Day SMA: Rs 726.03 | 200-Day SMA: Rs 721.87
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GlaxosmithKline Pharmaceuticals
CMP: Rs 1425.1 | 50-Day SMA: Rs 1328.44 | 200-Day SMA: Rs 1325.12
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Kolte-Patil Developers
CMP: Rs 338.65 | 50-Day SMA: Rs 298.94 | 200-Day SMA: Rs 298.18
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BEML
CMP: Rs 1620.8 | 50-Day SMA: Rs 1435.84 | 200-Day SMA: Rs 1433.2
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Navneet Education
CMP: Rs 122.45 | 50-Day SMA: Rs 119.03 | 200-Day SMA: Rs 118.86
