ITC, Bharti Airtel among 10 stocks with Golden Crossover pattern. Know what it signifies?

Golden Crossover is a technical pattern which helps investors uncover potential profit opportunities. On July 18, Tuesday, Trendlyne reported that 44 Nifty50 stocks have experienced the Golden Crossover, and from that group, ETMarkets has selected 10 stocks that have formed this pattern.

The Golden Crossover is a bullish technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. In particular, it refers to the 50-day simple moving average (SMA) crossing above the 200-day SMA.

This crossover signifies a shift in the stock's momentum from bearish to bullish, indicating potential upward price movement.


Evaluating stock movement based on the Golden Crossover is essential for several reasons:

-- Trend Reversal Confirmation

-- Long-Term Strength Indicator

-- Entry and Exit Points

-- Support and Resistance Levels

-- Confirmation for Trend Followers

10 Stocks with the Golden Crossover

Let's now explore the 10 selected stocks that have recently experienced the Golden Crossover:

Apollo Hospitals Enterprise Ltd. (50Day SMA Rs: 4900.5, 200Day SMA Rs: 4550.8)

Asian Paints Ltd. (50Day SMA Rs: 3237.9, 200Day SMA Rs: 3049)

Axis Bank Ltd. (50Day SMA Rs: 947.3, 200Day SMA Rs: 889.8)

Bajaj Auto Ltd. (50Day SMA Rs: 4670.6, 200Day SMA Rs: 4001.9)

Bajaj Finance Ltd. (50Day SMA Rs: 7089.9, 200Day SMA Rs: 6591.6)

Bajaj Finserv Ltd. (50Day SMA Rs: 1493.2, 200Day SMA Rs: 1486.5)

Bharat Petroleum Corporation Ltd. (50Day SMA Rs: 369.6, 200Day SMA Rs: 339.2)

Bharti Airtel Ltd. (50Day SMA Rs: 836.4, 200Day SMA Rs: 802.4)

Britannia Industries Ltd. (50Day SMA Rs: 4832, 200Day SMA Rs: 4396.6)

ITC Ltd. (50Day SMA Rs: 445.8, 200Day SMA Rs: 381.2)

(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)