Technical breakthrough: TCS, IRCTC among 10 stocks which have crossed 50-day SMA

Several stocks crossed their 50-day Simple Moving Average (SMA) on Friday June 30, 2023, signaling potential short-term upward momentum and the emergence of a bullish pattern. Let's delve into the stocks that have experienced this positive development.

It is important to note that the data related to stocks trading in an overbought zone on July 3, Monday, will be updated later today after market hours.

1. IDBI Bank

IDBI Bank closed at Rs 55.35 on June 30, surpassing its 50 SMA of Rs 54.25. It is a major public sector bank in India.

2. Tata Consultancy Services
Tata Consultancy Services (TCS) closed at Rs 3,302.25, surpassing its 50 SMA of Rs 3,242.04. TCS, a global leader in IT services and consulting, has consistently demonstrated its capability to deliver innovative solutions, driving its growth in the digital era.

3. Punjab National Bank
One of the largest public sector banks in India, the Punjab National Bank (PNB) closed at Rs 51.65, crossing its 50 SMA of Rs 50.81.

4. Mphasis
Mphasis achieved a significant milestone by closing at Rs 1,895.05, above its 50 SMA of Rs 1,875.01. Mphasis is a leading IT services company that specialises in delivering digital transformation and customer-centric solutions to clients across industries.

5. Marico
Marico closed at Rs 530.95, surpassing its 50 SMA of Rs 526.44. Marico is a renowned consumer goods company, known for its popular brands in the personal care and food products segments.

6. Union Bank of India
State-run Union Bank of India closed at Rs 72.25, crossing its 50 SMA of Rs 71.8.

7. UCO Bank
UCO Bank closed at Rs 27.4, surpassing its 50 SMA of Rs 27.25. UCO Bank, a public sector bank, has been focusing on enhancing its digital capabilities and expanding its customer base.

8. Indian Railway Catering and Tourism Corporation (IRCTC)
Indian Railway Catering and Tourism Corporation closed at Rs 635.1, crossing its 50 SMA of Rs 632.05. IRCTC is a leading travel and tourism company, primarily known for its online ticketing and catering services for Indian Railways.

9. Bosch
Bosch closed at Rs 19,042.35, surpassing its 50 SMA of Rs 18,953.15. Bosch is a global engineering and technology company which offers technology solutions to sectors like mobility, industrial technology, consumer goods, and energy.

10. Indian Bank
Another public sector bank, the Indian Bank closed at Rs 292.55, crossing its 50 SMA of Rs 291.65.

(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)