Maruti, JSW Steel among 10 Nifty50 stocks with Golden Crossover pattern

economictimes.indiatimes.com:

Golden Crossover. On July 25, Tuesday, Trendlyne reported that 45 Nifty50 stocks had experienced the Golden Crossover. ETMarkets has selected 10 of these stocks to discuss this bullish pattern and its significance in assessing stock movements.

The Golden Crossover is a bullish technical pattern that occurs when a stock's short-term moving average (typically the 50-day Simple Moving Average — SMA) crosses above its long-term moving average (usually the 200-day SMA). This event suggests a potential shift in the stock's price trend from bearish to bullish, indicating a possible upward momentum and an optimistic outlook for the stock's performance.ETMarkets' Top 10 Stocks with Golden Crossover 1) IndusInd Bank Ltd. (50Day SMA Rs: 1322.3, 200Day SMA Rs: 1191.6) 2) JSW Steel Ltd.

(50Day SMA Rs: 751.6, 200Day SMA Rs: 719.7) 3) Kotak Mahindra Bank Ltd. (50Day SMA Rs: 1894.7, 200Day SMA Rs: 1842.6) 4) LTIMindtree Ltd. (50Day SMA Rs: 4969.2, 200Day SMA Rs: 4693.9) 5) Larsen & Toubro Ltd.

(50Day SMA Rs: 2357.3, 200Day SMA Rs: 2185.3) 6) Mahindra & Mahindra Ltd. (50Day SMA Rs: 1407, 200Day SMA Rs: 1300.5) 7) Maruti Suzuki India Ltd. (50Day SMA Rs: 9525.6, 200Day SMA Rs: 8903.6) 8) Oil And Natural Gas Corporation Ltd.

(50Day SMA Rs: 161.6, 200Day SMA Rs: 150.7) 9) NTPC Ltd. (50Day SMA Rs: 184, 200Day SMA Rs: 174) 10) Nestle India Ltd. (50Day SMA Rs: 22390.2, 200Day SMA Rs: 20389.8) Please Note that this data on Trendlyne may not reflect the exact closing trends .

(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)