Axis Bank, BPCL, Cipla among 10 stocks with golden crossover pattern
stock trading is a dynamic and ever-evolving arena, where investors are constantly seeking indicators and patterns to help them make informed decisions. One such pattern that has caught the attention of market enthusiasts is the «Golden Crossover.» In this article, we will delve into what the Golden Crossover is, why it is important for assessing stock movements, and explore ten Nifty stocks that have recently witnessed this intriguing phenomenon.
The Golden Crossover is a technical analysis term used in the world of stock trading.
It occurs when a shorter-term moving average crosses above a longer-term moving average, typically the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA. This event is considered significant because it signals a potential shift in the stock's momentum from bearish to bullish.
10 Nifty Stocks with the Golden Crossover
On September 5, Tuesday, Trendlyne reported that over 40 Nifty stocks had experienced the Golden Crossover.
