golden crossover: BPCL, Cipla among 10 Nifty stocks with golden crossover pattern

The world of stock trading is akin to a high-stakes chess game, where investors constantly seek strategies to outmaneuver the market’s moves. One such powerful strategy that has caught the attention of traders and analysts is the Golden Crossover. On September 22, Friday, Trendlyne reported that more than 40 Nifty stocks witnessed this intriguing pattern, and ETMarkets has handpicked ten of these stocks for investors seeking opportunities in the Indian stock market.

The Golden Crossover is a technical analysis pattern that occurs when a stock’s short-term moving average (typically the 50-day Simple Moving Average or SMA) crosses above its long-term moving average (usually the 200-day SMA). This event is considered a bullish signal and often indicates a shift in momentum, potentially leading to a significant uptrend in the stock’s price.

1. Apollo Hospitals Enterprise Ltd. (APOLLOHOSP)
50-Day SMA: Rs 5026.4
200-Day SMA: Rs 4682

2. Asian Paints Ltd. (ASIANPAINT)
50-Day SMA: Rs 3304.6

200-Day SMA: Rs 3074.3

3. Axis Bank Ltd. (AXISBANK)
50-Day SMA: Rs 970.9
200-Day SMA: Rs 920.9

4. Bajaj Auto Ltd. (BAJAJ-AUTO)
50-Day SMA: Rs 4776.6
200-Day SMA: Rs 4259.2

5. Bajaj Finance Ltd. (BAJFINANCE)
50-Day SMA: Rs 7306.2
200-Day SMA: Rs 6637.5

6. Bajaj Finserv Ltd. (BAJAJFINSV)
50-Day SMA: Rs 1541.9
200-Day SMA: Rs 1452.6

7. Bharat Petroleum Corporation Ltd. (BPCL)
50-Day SMA: Rs 363.3
200-Day SMA: Rs 351.5

8. Bharti Airtel Ltd. (BHARTIARTL)
50-Day SMA: Rs 882.1
200-Day SMA: Rs 818.9

9. Britannia Industries Ltd. (BRITANNIA)
50-Day SMA: Rs 4692
200-Day SMA: Rs 4561.5

10. Cipla Ltd. (CIPLA)
– 50-Day SMA: Rs 1186.6
– 200-Day SMA: Rs 1035.9

(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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