Hindalco, JSW Steel among 10 Nifty stocks with golden crossover pattern
Golden Crossover is, why it's essential to assess stock movements based on it, and highlight 10 stocks from the pack that have experienced this pattern.
The Golden Crossover is a technical analysis pattern used by traders and investors to gauge the momentum and potential future performance of a stock. It occurs when a stock's 50-day Simple Moving Average (SMA) crosses above its 200-day SMA. To put it simply, it signifies a shift from short-term weakness to long-term strength, and it can serve as a bullish signal for traders.
Now, let's take a closer look at 10 Nifty stocks that have recently witnessed the Golden Crossover, along with their current 50-day and 200-day SMAs:
1) Hindalco Industries Ltd.
(NSE: HINDALCO)
50-Day SMA: 447.7
200-Day SMA: 438.4
2) Hindustan Unilever Ltd. (NSE: HINDUNILVR)
50-Day SMA: 2597.4
200-Day SMA: 2585
3) ICICI Bank Ltd. (NSE: ICICIBANK)
50-Day SMA: 966
200-Day SMA: 913.3
4) ITC Ltd.
(NSE: ITC)
50-Day SMA: 458.5
200-Day SMA: 401.7
5) Mahindra & Mahindra Ltd. (NSE: M&M)
50-Day SMA: 1527.9
200-Day SMA: 1339.8
6) IndusInd Bank Ltd. (NSE: INDUSINDBK)
50-Day SMA: 1394.7
200-Day SMA: 1228.3
7) JSW Steel Ltd.
(NSE: JSWSTEEL)
50-Day SMA: 797.9
200-Day SMA: 740.2
8) Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK)
50-Day SMA: 1832.8
200-Day SMA: 1832.4
9) LTIMindtree Ltd. (NSE: MINDTREE)
50-Day SMA: 5079.6
200-Day SMA: 4743.8
10) Larsen & Toubro Ltd.
(NSE: LT)
50-Day SMA: 2593.3
200-Day SMA: 2296.4
(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)
