golden crossover: NTPC, SBI among 10 Nifty stocks with golden crossover pattern

For investors and traders seeking to make informed decisions in the stock market, understanding technical indicators and patterns is essential. One such pattern that can offer valuable insights into stock movements is the Golden Crossover. On September 15, Friday, Trendlyne reported that more than 40 Nifty stocks have witnessed the formation of the Golden Crossover pattern. In this article, we will focus on 10 of these stocks, explaining what the Golden Crossover is and why it holds significance for investors.

The Golden Crossover is a powerful technical pattern that occurs when a stock’s short-term moving average crosses above its long-term moving average. Typically, this involves the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA. This event is considered bullish and often signals a potential upward trend in the stock’s price.

10 Nifty Stocks with the Golden Crossover

1) NTPC Ltd. (NSE: NTPC) – 50-Day SMA: 213.8, 200-Day SMA: 183.7

2) Nestle India Ltd. (NSE: NESTLEIND) – 50-Day SMA: 22382.6, 200-Day SMA: 20830.9

3) Oil And Natural Gas Corporation Ltd. (NSE: ONGC) – 50-Day SMA: 174.6, 200-Day SMA: 158.6

4) Power Grid Corporation of India Ltd. (NSE: POWERGRID) – 50-Day SMA: 187.2, 200-Day SMA: 174.65) Reliance Industries Ltd. (NSE: RELIANCE) – 50-Day SMA: 2543.3, 200-Day SMA: 2474

6) SBI Life Insurance Company Ltd. (NSE: SBILIFE) – 50-Day SMA: 1306, 200-Day SMA: 1224.7

7) State Bank of India (NSE: SBIN) – 50-Day SMA: 586.3, 200-Day SMA: 572.6

8) Sun Pharmaceutical Industries Ltd. (NSE: SUNPHARMA) – 50-Day SMA: 1116.8, 200-Day SMA: 1024.3

9) Tata Consultancy Services Ltd. (NSE: TCS) – 50-Day SMA: 3418.1, 200-Day SMA: 3325.8

10) Tata Consumer Products Ltd. (NSE: TATACONSUM) – 50-Day SMA: 850.6, 200-Day SMA: 785.6

(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)

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