The Golden Crossover is a technical analysis term used to describe a significant trend reversal in a stock’s price movement. 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 is considered a Golden Crossover.
Top 10 Stocks with Golden Crossover
1) Bharti Airtel Ltd.: With a 50-day SMA of 876.4 and a 200-day SMA of 816.2, Bharti Airtel shows promise for bullish movement.
2) Britannia Industries Ltd.: Britannia’s 50-day SMA at 4771, crossing over the 200-day SMA of 4548.6, indicates potential growth in the food sector.
3) Cipla Ltd.: Cipla’s Golden Crossover, with a 50-day SMA of 1151.7 surpassing the 200-day SMA of 1031, hints at the pharmaceutical company’s upward trajectory.
4) Coal India Ltd.: Coal India’s crossover, with a 50-day SMA of 234.6 and a 200-day SMA of 227.6, indicates a possible revival in the energy sector.
5) Divi’s Laboratories Ltd.: With a 50-day SMA of 3677.9 and a 200-day SMA of 3333.6, Divi’s Laboratories showcases promise in the pharmaceutical industry.
6) Dr. Reddy’s Laboratories Ltd.: Dr. Reddy’s exhibits a Golden Crossover with a 50-day SMA of 5536.3 and a 200-day SMA of 4782.2, underlining its pharmaceutical potential.
7) Eicher Motors Ltd.: Eicher Motors’ crossover, with a 50-day SMA of 3353.9 surpassing the 200-day SMA of 3313.8, hints at opportunities in the automotive sector.
8) Grasim Industries Ltd.: Grasim Industries, with a 50-day SMA of 1805.5, crossing the 200-day SMA of 1718, shows promise in the manufacturing industry.
9) HCL Technologies Ltd.: HCL Technologies’ Golden Crossover, with a 50-day SMA of 1160.8 and a 200-day SMA of 1112.5, indicates potential in the IT sector.
10) HDFC Bank Ltd.: HDFC Bank exhibits a crossover with a 50-day SMA of 1636 and a 200-day SMA of 1629.2, hinting at growth in the banking industry.
(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)