ICICI Bank, ITC among 10 Nifty stocks with golden crossover pattern
Golden Crossover is and why it's essential to assess stock movements based on this pattern. Trendlyne reported over 40 Nifty stocks with this formation on September 30, and ETMarkets has handpicked 10 stocks from this group, offering a closer look at this promising pattern.
The Golden Crossover is a technical trading signal that occurs when a stock's short-term moving average crosses above its long-term moving average.
Typically, it involves the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA. This event is considered bullish and is named «golden» for its potential to signal a new uptrend in the stock's price.
Now, let's explore 10 stocks that have recently witnessed the formation of a Golden Crossover, selected by ETMarkets for closer examination.
10 Stocks with the Golden Crossover
(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)
