Axis Bank, Britannia Industries among 10 Nifty50 stocks with Golden Crossover pattern. Know what it signifies?

economictimes.indiatimes.com:

Golden Crossover is, its significance in assessing stock movement, and analyze the ten selected stocks, providing valuable insights for potential investors. The Golden Crossover is a key technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. The most commonly used moving averages in this context are the 50-day simple moving average (SMA) and the 200-day SMA.

When the 50-day SMA crosses above the 200-day SMA, it forms the Golden Crossover. This pattern is considered bullish as it suggests a potential upward trend in the stock's price.Here are the ten selected stocks along with their 50-day SMA and 200-day SMA values: 1) Apollo Hospitals Enterprise Ltd. — 50Day SMA Rs: 4911.3, 200Day SMA Rs: 4555.2 2) Asian Paints Ltd.

— 50Day SMA Rs: 3247.7, 200Day SMA Rs: 3049.4 3) Axis Bank Ltd. — 50Day SMA Rs: 949, 200Day SMA Rs: 890.8 4) Bajaj Auto Ltd. — 50Day SMA Rs: 4676.9, 200Day SMA Rs: 4008.3 5) Bajaj Finance Ltd.

— 50Day SMA Rs: 7105.2, 200Day SMA Rs: 6592.4 6) Bajaj Finserv Ltd. — 50Day SMA Rs: 1497.5, 200Day SMA Rs: 1486.2 7) Bharat Petroleum Corporation Ltd. — 50Day SMA Rs: 369.8, 200Day SMA Rs: 339.6 8) Bharti Airtel Ltd.

— 50Day SMA Rs: 838, 200Day SMA Rs: 803 9) Britannia Industries Ltd. — 50Day SMA Rs: 4841.3, 200Day SMA Rs: 4403 10) Coal India Ltd. — 50Day SMA Rs: 233.1, 200Day SMA Rs: 227.7 The current data of each stock may not reflect the exact Live updates as updates on Trendlyne may come with a lag.

(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)